SUBMERGING PORTFOLIO VALUE? HIGH EXPENSES/SALARIES? SELLLLBuybelow noted the Submerging Portfolio Values, as he noted, "WORTHLESS" is a good description.
A well known Commodities Person, Globally known, advised he sees ZERO or little value in FNR, if at all???????
The Trading on this stock is very suspect, as well as trading on of FNR's holdings such as EPL/DNI and etc. are some what suspect on walking up prices over the last several weeks.
Then we add very suspect/questionable new company Greywache??
Private holdings are highly suspect in value. Who actually benefits from FNR's investments in these private companies??
Then we have High Expenses and High Salaries and Tom still commands a large pay for his MGMT??????? Take a look at the SEDAR reports and see how they spend $$$ on their trips.
Bottom Line, in my humble opinion FNR should be AVOIDED and if you Own SELL, that is if you can, watch the Bids/Trading they are suspect. SELL and Run for the hills