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49 North Resources Inc V.FNR

Alternate Symbol(s):  FNINF

49 North Resources Inc. is a resource investment, financial, and managerial advisory company. The Company’s principal businesses include investing in a diversified portfolio of common shares and other securities of resource issuers including, without limitation, resource issuers engaged in mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio. It invests in all sectors of mineral exploration as well as oil and gas exploration and production around the globe. The Company’s portfolio is comprised of investments that are predominantly Saskatchewan focused on private and public resource issues at various stages of development. Individual projects range from grass roots exploration to near feasibility in the minerals sector and early-stage production of hydrocarbons.


TSXV:FNR - Post by User

Bullboard Posts
Post by currency24on Nov 17, 2015 7:16pm
125 Views
Post# 24299014

Illiquid, FUNDS??. Future?? Sell ?

Illiquid, FUNDS??. Future?? Sell ?FNR - has very little "Real Liquidity" Question the Activity? - refer to history of the daily and monthly activity, really lacking - Classify the stock as Illiquid.

FUNDS - refer to Auditors reports and special comments on FNR's need and ability to raise Funds going forward? report filed on Sedar - you want the Emphasis of Matter comments by the Auditor.

In the current MKTS, even the Large COmpanies are in need of Cash and Cash for commodities is hard to come by . Refer to BHP, Lomin and others who are selling assets or stocks to try and raise cash. Cash is valuable and hard to come by for mining and commodity companies. Refer to the MKTS.

Future - there is no real future for this company refer to their investments, all bouncing at or near their lows and going lower, such as WTR, OMM, EPL, DNI, SGF, WGF???? and many of these stocks except for a few are all Illiquid.

Suggest this stock goes under 3 cents and goes NO Bid.

All the above in my humble opinion and based on MKTS, Fiancial MKTS, Commodity MKTS, News, Trading history, Sedar filings and etc.
Bullboard Posts