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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 May 28, 2016 6:32pm
199 Views
Post# 24913365

??TRADING??ODOR?FINANCIALS?BUYER BEWARE

??TRADING??ODOR?FINANCIALS?BUYER BEWAREFNR, over time, has been a highly promoted stock, right from the start, either it was slick MKTG, Brokerages such as Canacoord/Genuity, BMO, and etc. But the stock has gone from $3.80's plus to 5 to 10 cents, mean time debt holders should not be happy, who has made the $$$, shareholders or promoters or MGMT?

Trading - refer to history of this stock is somewhat suspect? there are times you see ZERO for a long time then back and forth to paint a volume and price picture which may be FALSE.

This stock has moved up from the 5 cent area to 10/11 cents on what and who is Really Buying? a lot of back and forth and the same suspects.

FINANCIALS - Refer only to the AUDITED FINANCIALS - filed on Sedar - note the Auditors comments and Emphasis of Matter on going concern, Cash needs/concerns and etc.

There is no reason to buy FNR, their public holdings are bouncing near the lows and private investments well????????

In my humble opinion FNR is a BUYER BEWARE and A BUYERS TRAP. AVOID, but something that actual produces and has sound fundamentals.

All based on SEDAR FILINGS/AUDITS, trading history, stock history, MKTS and FINANCIAL MKTS and etc.
Bullboard Posts