TNR Resources Ltd (TRR.V was Toscana) Message Board

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Gold/Mining/Energy : TNR Resources Ltd (TRR.V was Toscana)

TRR 17.55

0.0%

Jul 5 5:00 PM EST

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To: Robert D Curtis who wrote (560)	4/21/1998 9:44:00 AM
From: Claude Cormier	Read Replies (1) of 659

Reverse split do not always cause damage. In many case they are the best thing that can happen for the long term. In the case of Toscana, I view it as positive. The stock price is higher than its low pre-split. The company is in a deal with Newcrest that could mean a very bright future. The illiquidity, of course, is not very good if you need to sell your shares now. But if you are patient it may provide fuel to a major rise in the price of the stock if this new JV produces the results they hope. Add to this the fact that it will be a lot easier to finance now than pre-split...thanks to the very low number of shares. Good Luck.

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