Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ouch, MACHD and RSI are way low and this thing has been getting hammered down here for a few days. it may be time to start a long position before these levels are just history!
I picked up some just under 3.00
looks like one of our favorites hit a bottom and got a super bounce back up to new hod
nice entry for anyone else that was looking to go long
we've been awfully quiet here with TNRO lately....
maybe some better news, and some nicer candles and we can be geared up for another great run. does anyone else see this as being way too undervalued?
sweet, great news! i didnt see it pop up....ive been crazy busy today/this week
TNRO News
Terra Nostra Completes Funding of Copper Joint Venture
Dec 20, 2007 12:15:00 PM
View Additional ProfilesLOS ANGELES and ZIBO, China, Dec. 20 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC Bulletin Board: TNRO) a majority owner of two joint venture companies in the copper and stainless steel industries in China, today announces that it has achieved a major milestone by delivering the final payment towards its capital contribution for the copper joint venture.
Terra Nostra was required under the Shandong Terra Nostra-Jinpeng Metallurgical Co., Ltd. joint venture agreement to contribute a total of US$27.234 million. The Company is pleased to announce that a final payment of US$3 million was remitted on December 19, 2007, thereby completing the Company's capital contribution requirement in its entirety.
Management of Terra Nostra is presently in Zibo, China, to direct the final governmental registration of its equity interest and is working in close cooperation with its joint venture partner to implement 2008 operational strategies. Furthermore, negotiations towards consummating the acquisition of the additional 39% interest in both the copper and stainless steel joint ventures are actively underway, together with extensive coordination and review relative to the planned listing of the Copper Joint Venture on the Hong Kong Stock Exchange.
"This is a very significant event for our Company and represents a major milestone in our operations. We are now actively recruiting additional China based personnel to work with our joint venture partner to review past achievements and undertake a formal plan for the next phase of growth. Achieving this goal was also a crucial prerequisite for the spin off of our copper company and our Hong Kong Stock Exchange Listing. We are currently working in conjunction with our sponsor, a well rounded legal team and our anticipated Big 4 auditor to undertake the required tax and restructure planning for our listing in Hong Kong," Don Nicholson, President of Terra Nostra states.
About Terra Nostra Resources Corporation
Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT rolling mill. The two joint venture companies, with total assets in excess of US$180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. Terra Nostra has entered into an agreement to increase its majority ownership in both joint ventures from 51% to 90%. More information on Terra Nostra can be found at http://www.tnr-corp.com.
Investor Contact: Mercantile Ascendency, Tom Collins, (214) 559 9885
I received the same fax spam on this just yesterday.
power is contagious! thats why i am mod of so many groups
lol i feel powerful in my pitiful newbie state!
ha! Of course I am, I can also delete things I don't like. Not that I do but that is power! I love power!
you are always welcome in your own group!
no no, i meant when it was just me bringing activity to the group! LOL
LOL I will leave then!
i liked it better when it was just me! :)
LMAO maybe it was because the stock was up up up
dammit i start posting, then this group comes alive!
im like crack or something, and ppl follow me around like i know what im talking about!
LOL
Dude you have to stay away from sick people at all cost even if they are your "Sweetie"
LOL leave them to fend for themselves! Do it like an animal!
I'm too sick today to read many posts. lol Got the flu. Thanks to my sweetie. Caught it from her.
LOL can't you see I already posted that. Are your eyes failing you lol!!!!!!
Looks like the shorts were the idiots this time.
Huge news today on our TNRO, Ring. http://ih.advfn.com/p.php?pid=nmona&article=23793328
Terra Nostra to Undertake Hong Kong IPO and Spin Off of Its Copper Joint Venture
Date : 12/14/2007 @ 2:06PM
Source : PR Newswire
Stock : (TNRO)
Quote : 5.25 0.27 (5.42%) @ 2:24PM
Terra Nostra to Undertake Hong Kong IPO and Spin Off of Its Copper Joint Venture
IPO Targeted to Raise US$120 Million
LOS ANGELES and HONG KONG, Dec. 14 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC:TNRO) (BULLETIN BOARD: TNRO) is pleased to announce that it has agreed to undertake an initial public offering ("IPO") of its copper joint venture in conjunction with a listing on the Main Board of the Stock Exchange of Hong Kong Limited (the "Hong Kong Exchange) which is targeted to raise a total of US$120,000,000.
The anticipated date for listing on the Hong Kong Exchange is mid-2008. The Company is presently proceeding with the incorporation of Sino Strategic Metals Ltd. ("Sino Metals"), a wholly owned subsidiary, to undertake the IPO. Subject to tax and legal advice received, Sino Metals intends to have a Hong Kong company as its wholly owned subsidiary to hold its interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. (the "Copper Joint Venture").
The IPO is expected to raise a targeted US$120,000,000 by way of an initial offering of approximately 25% of the issued ordinary shares of Sino Metals, providing substantial new capital to Sino Metals for working capital and production/supply chain development.
The Company has entered into a formal agreement with Kingsway Capital Limited ("Kingsway") to act as the Company's sole sponsor for the listing on the Hong Kong Exchange and the IPO. The Company plans to spin off the remaining shares of Sino Metals to the shareholders of Terra Nostra Resources Corp. Under this plan, the Terra Nostra shareholders of record would receive by way of a dividend, shares of Sino Metals tradable on the Hong Kong Exchange. The record date for the spin off will be determined by the Board of Directors. The spin off will be required to meet the regulatory requirements of both the Hong Kong Exchange, the Securities and Exchange Commission and the laws of the State of Nevada, Terra Nostra's state of incorporation.
"This is a unique opportunity to accelerate the Company's growth on favorable terms and to seize opportunities available to us in the dynamic and growing China market", stated Mr. Sun Liu James Po, the Company's Chief Executive Officer. "With the higher earnings multiples generally found on the Hong Kong Exchange for mainland China investments, this listing is designed to unlock the value of our Copper joint venture operations. It is designed to provide Terra Nostra and its shareholders the benefit of a non-dilutive equity raise and a potential increase in shareholder value when the offering proceeds are invested directly to expand operations".
The final share distribution will be based on the pricing of the IPO at the time of listing. Completion of the proposed IPO and the Hong Kong listing is subject to the submission of listing application documents, approval from the Hong Kong Stock Exchange and general market conditions.
This press release does not constitute an offer to sell or the solicitation of any offer to buy, and there shall not be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the registration requirements.
About the Hong Kong Stock Exchange
The Hong Kong Stock Exchange is one of the most active stock exchanges in the world, ranked 3rd by total equity funds raised, 2nd by new listings' funds raised and 6th by market capitalization among members of the World Federation of Exchanges as at the end of 2006.
About Kingsway Capital Limited
Kingsway is a member of Hong Kong-based investment bank Kingsway Financial Services Group Limited which specializes in bringing quality China projects to the Hong Kong and Global markets. Established in 1990, the Kingsway Group provides a wide range of investment banking services including corporate finance advisory, equity capital markets, institutional brokerage and equity research. Kingsway has developed an extensive network of institutional investors and has acted as sponsor, manager, co-manager of public offerings and financial adviser to listed companies in Hong Kong for over 400 fund raising or corporate advisory assignments in recent years.
About Terra Nostra Resources Corporation
Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT capacity rolling mill. The two joint venture companies, with total assets in excess of US$180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at http://www.tnr-corp.com/.
Investor Contact: Mercantile Ascendency, Tom Collins, (214) 559 9885
TNRO chart, Bollies pinching this could be a monster run here, 5.90 is the first technical target
Big news out
Indicators are turning up nicely!
Here we go this juiced up the stock! News out!
Terra Nostra to Undertake Hong Kong IPO and Spin Off of Its Copper Joint Venture
IPO Targeted to Raise US$120 Million
Dec 14, 2007 2:06:00 PM
ADVERTISEMENTView More AdsLOS ANGELES and HONG KONG, Dec. 14 /PRNewswire-FirstCall/ -- Terra Nostra Resources Corporation (OTC Bulletin Board: TNRO) is pleased to announce that it has agreed to undertake an initial public offering ("IPO") of its copper joint venture in conjunction with a listing on the Main Board of the Stock Exchange of Hong Kong Limited (the "Hong Kong Exchange) which is targeted to raise a total of US$120,000,000.
The anticipated date for listing on the Hong Kong Exchange is mid-2008. The Company is presently proceeding with the incorporation of Sino Strategic Metals Ltd. ("Sino Metals"), a wholly owned subsidiary, to undertake the IPO. Subject to tax and legal advice received, Sino Metals intends to have a Hong Kong company as its wholly owned subsidiary to hold its interest in Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. (the "Copper Joint Venture").
The IPO is expected to raise a targeted US$120,000,000 by way of an initial offering of approximately 25% of the issued ordinary shares of Sino Metals, providing substantial new capital to Sino Metals for working capital and production/supply chain development.
The Company has entered into a formal agreement with Kingsway Capital Limited ("Kingsway") to act as the Company's sole sponsor for the listing on the Hong Kong Exchange and the IPO. The Company plans to spin off the remaining shares of Sino Metals to the shareholders of Terra Nostra Resources Corp. Under this plan, the Terra Nostra shareholders of record would receive by way of a dividend, shares of Sino Metals tradable on the Hong Kong Exchange. The record date for the spin off will be determined by the Board of Directors. The spin off will be required to meet the regulatory requirements of both the Hong Kong Exchange, the Securities and Exchange Commission and the laws of the State of Nevada, Terra Nostra's state of incorporation.
"This is a unique opportunity to accelerate the Company's growth on favorable terms and to seize opportunities available to us in the dynamic and growing China market", stated Mr. Sun Liu James Po, the Company's Chief Executive Officer. "With the higher earnings multiples generally found on the Hong Kong Exchange for mainland China investments, this listing is designed to unlock the value of our Copper joint venture operations. It is designed to provide Terra Nostra and its shareholders the benefit of a non-dilutive equity raise and a potential increase in shareholder value when the offering proceeds are invested directly to expand operations".
The final share distribution will be based on the pricing of the IPO at the time of listing. Completion of the proposed IPO and the Hong Kong listing is subject to the submission of listing application documents, approval from the Hong Kong Stock Exchange and general market conditions.
This press release does not constitute an offer to sell or the solicitation of any offer to buy, and there shall not be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities to be offered will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the registration requirements.
About the Hong Kong Stock Exchange
The Hong Kong Stock Exchange is one of the most active stock exchanges in the world, ranked 3rd by total equity funds raised, 2nd by new listings' funds raised and 6th by market capitalization among members of the World Federation of Exchanges as at the end of 2006.
About Kingsway Capital Limited
Kingsway is a member of Hong Kong-based investment bank Kingsway Financial Services Group Limited which specializes in bringing quality China projects to the Hong Kong and Global markets. Established in 1990, the Kingsway Group provides a wide range of investment banking services including corporate finance advisory, equity capital markets, institutional brokerage and equity research. Kingsway has developed an extensive network of institutional investors and has acted as sponsor, manager, co-manager of public offerings and financial adviser to listed companies in Hong Kong for over 400 fund raising or corporate advisory assignments in recent years.
About Terra Nostra Resources Corporation
Terra Nostra is a leading copper and stainless steel producer in China through its 51% majority interests in two joint venture companies in China. Shandong Terra Nostra Jinpeng Metallurgical Co., Ltd. has an existing and under construction total production capacity of 170,000 MT of electrolytic copper and 20,000 MT of low-oxygen copper, together with value-added copper rod and wire capabilities. Shandong Quanxin Stainless Steel Co., Ltd. operates a modern stainless steel production facility with a 230,000 MT capacity casting mill, and a 150,000 MT capacity rolling mill. The two joint venture companies, with total assets in excess of US$180 million and over 1,000 employees, are located in the highly industrialized coastal province of Shandong, midway between Beijing and Shanghai. More information on Terra Nostra can be found at http://www.tnr-corp.com.
Investor Contact: Mercantile Ascendency, Tom Collins, (214) 559 9885
Forward Looking Statements
i agree, it was just climbing quite a bit....started a 10 cent pullback, but id love to see this thing crank to $10
This has been one of my best plays IMO, yet no one knows it exist! If they can get the 90% working interest in the production this will be a 10$+ stock
They just did a Private placement, when that is over and done with we go like a bat out of hell again.
whoa hey! u run this board too!
u stalkin me or something?!?
Not sure I think this is straight from China.
TNRO making a come back, little break out action, I think the .05' are coming soon!
Come by RDBSC and request an annotated chart
http://investorshub.advfn.com/boards/board.asp?board_id=8363
I agree the stock actually went up on Roddy boy's article. Did you notice there are now three hedge funds that have bought in? I was just aware of the one. Thanks Roddy!
right now, the longs are winning big
Will the real TNRO please stand up?
Well which is it? A great company with great earnings/potential?
Copper Steal Coal China
Or a complete fraud screwing shareholders AND Hedge Funds out of
Millions? Who is correct the Evil Shorts?(Left Roddy and the Boyz?)
The Po/Poe family? With their questionable past?
Aaah the Drama! Stay tuned in for details!
The NY post article is by RODDY (Faulking Truth) BOYD ... google him.
So let them sue him, if it's untrue
FUND'S CHINESE STAKE STIRS SOME QUESTIONS
By RODDY BOYD
October 31, 2007 -- A white shoe New York hedge fund has invested in a Chinese copper company whose management has an eye-popping history of stock problems and regulatory woes.
Ospraie Management, a $7 billion New York hedge fund run by Tiger Management veteran Dwight Anderson, invested $5 million in Terra Nostra Resources, a company that says it is in the stainless steel and copper-processing businesses.
Also throwing their hats - and wallets - into the ring are two London hedge funds: troubled mortgage manager Cheyne Capital and $600 million Lionheart, which invested $5 million and $2 million, respectively.
The $1.2 billion Ospraie Special Situation Fund's $5 million gets it an 8.9 percent stake according to a recent SEC 13-D filing.
But a review of Terra Nostra management's vast regulatory footprint shows that Ospraie might also have purchased some headaches down the road.
Terra Nostra Chief Executive James Po - he has long done business using the name "Poe"- and his ex-wife Paula were involved in the 1980s and 1990s with some spectacular failures: a Chinese prawn-farming business and peddling an arm-wrestling machine.
In 2005, the British Columbia Securities Commission fined the couple for failing to properly disclose their trades in the shares of Pan Asia Mining, which they had touted as China's only working diamond mine. Despite the sanction, Mrs. Poe was later caught trading shares in an account set up in her housekeeper's name.
These appear to be the least of the Poes' managerial lapses, however.
Eventually, Pan Asia's directors booted the Poes, saying, "The company could not meet its potential due to the lack of credibility of Mr. Poe and his management style."
According to company financials, the Poes' related party transactions with Pan Asia in 2000 alone include more than $3.7 million that was paid to Paula Poe and other companies owned by unspecified corporate officers.
Terra Nostra's management structure is again a family affair. Poe's daughter Crystal is a director and Don Nicholson, the chief financial officer, is the son of Pan Asia's former CFO - also named Don Nicholson.
BCSC fined the older Nicholson $15,000 for issuing statements containing "misleading information." He, too, is serving Terra Nostra as a director.
An Ospraie spokesman declined to comment; phone calls to Cheyne and Lionheart reps were not returned.
A spokesman for Mirador Consulting, a Boca Raton-based investor relations adviser that has a contract with Terra Nostra, told The Post the hedge funds "were fully aware of Poe's background. They had all their questions answered in detail."
Yesterday, Terra Nostra announced its application for an American Stock Exchange listing.
Anyone read this in the NY Post today ?
http://www.nypost.com/seven/10312007/business/funds_chinese_stake_stirs_some.htm
I already took profits yesterday, planning to re-enter later.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24124581
TNRO Topic List < Prev Topic | Next Topic >
Reply | Forward < Prev Message | Next Message >
tell me what you guys think about this one, rec'd the typical pump &
dump fax today from "Asian Investment Alert, by Gemini Market News by
Pathfinder Marketing Inc."
http://finance.groups.yahoo.com/group/Stocks_To_Short/message/1408
LOL Well,if it would have slipped to the low threes I would have been right there buying with you. Tomorrow will be interesting.
They have likely covered already. If they had anything more than they wrote, they would have written it. And they had next to nothing. Certainly nothing about TNRO.
I'm just disappointed that they were unsuccessful in taking it lower. I would have liked to have bought it back in the low 3s, at least.
Thanks for the info deadeye
Feal better than this morning. We will just have to see what happens. I understand your position. It just that the stock does not reflect what it has going for it in trading today. Tomorrow is another day . Good things come to those who wait.
What citron aka stock lemon conviently leaves out.
The company was audited by an US firm using GAAP
(generally accepted accounting principles)
A hedge fund took a 8% position in the company
Why would they apply to the AMEX if it was a scam?
A lot of ? surround this company but all sides need to be presented.
Read Citrons fine print they have a short position
JMHO folks BOL
Left and company(citron formally stocklemon)and the other shorts are going to get slaughtered. There will blood in the streets. Or will it be lemons? They probably shorted in the high 4 or low 5 area. If they want any profit at all they need to cover now. If they get listed on the AMEX the stock will soar into the teens JMHO
Don't do any reasearch bonehead just get all of you advice from a message board. bonehead
I bought on the dip - looks like a nice correction but sounds like there may be some doubts on the credibilty here
For me it's live and learn.
I will hold on tight and see where it takes me. I would really hate it if Stock Lemon made one out of me. Need to go back over $ 4.60 to put me in the green. If everything is legit I don't think I will have to wait too long.
They don't have to prove anything different than what they have been proving everytime they file and 8K or a financial report. The proof is up to the jokers that made the insinuations that this MIGHT BE a scam. That's right. In this instance, the Stock Lemon's case was so weak that they showed no proof at all that this is a scam. They just said it might be one. lol
They shorted a run away freight train and had to do something about it. They are known short sellers and TNRO got away from them so they tried to freak out everyone and induce some selling. The stock was very technically overbought at the time and it worked. Good for them.
Your probably right but TNRO is not really going anywhere till they prove otherwise.
I'm not in right now, but I'd bet money that those jokers covered into the fall-out from that article.. They haven't always been right and in this case, they had nothing on the company itself. Just a lot of garbage about crap from years ago.
Here is the article link
I don't know what to be believe but this article is holding us down:
http://www.citronresearch.com/index.php/2007/10/24/citron-reports-on-terra-nostra-otcbbtnro/
Read the board
I bought some earlier and it took a dive. Believe me I need it to go up but with the profits they reported and now this news somebody does not believe in this stock.
dat looks good to me
Posted by: overachiever
In reply to: unfortunate who wrote msg# 221 Date: 10/22/2007 7:09:35 PM
Post #
They did their private placement earlier. The CEO even bought 2 million dollars worth of it.
Followers
|
11
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
364
|
Created
|
04/26/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |