49 North Resources Inc V.FNR

Alternate Symbol(s): FNINF

Financial Services Asset Management

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

49 North Resources Inc

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Post by currency24on Apr 30, 2017 9:41pm

182 Views

Post# 26185407

AUDIT?RISKY? CASH? ILLIQUID VALUTATIONS? AVOID/SELL

As expected and as in the past, FNR waited to the last day or so to file the year end, 2016, Audit.

CASH? 85,000? ILLIQUID VALUTAIONTS On Public nd Private companies. Refer to the public porfolio, very little REAL TRADING, make believe, walk the prices to a set area, low low volume.

FNR's lack of ability to raise any large sums of $$$????

If they sell their public portfolio prices will come crashing down on these ILLIQUID stocks. Their private portfolio prices are in ????? if they sell? As well their valuations???

How is FNR going to raise more funds? 85,000???? on hand?

Refer to Sedar

All the above in my humble opinion and based on Sedar filings, mkts and management comments.
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