Bullboard - Stock Discussion Forum 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... see more

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TSXV:FNR - Post Discussion

49 North Resources Inc > On our way!

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Post by Grassyknoll on Jun 11, 2020 3:22pm

On our way!

When sophisticated investors realize that FNR has 45 million shares of OMM (according to Sedi) we are on our way...to the moon!

https://www.stockwatch.com/Chart/Advanced?time=1&symbol=OMM&region=C

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Comment by Oilman99 on Jun 18, 2020 11:04am

45 million shares in Ominica and they aren't able to pay us senior secured debenture holders. Doesn't say much for the management of 49 North. I will be voting no on their offer.

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Comment by Ironhorse83 on Jun 18, 2020 4:09pm

Good luck with that. If 49 North started selling Omineca the share price would fall to $0.02 in a heartbeat, especially after the first insider filing that would be required. Value does not equal realizable value. Looks like the only option is to wait it out.

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