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Alias Born | 05/10/2014 |
Wednesday, July 02, 2014 5:29:07 PM
Eddie Sugar who funded Andrew Forrest when he started Fortescue Metals Group is now endorsing a small undervalued iron ore producing company called Tonogold (TNGL).
See the press release here:
http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Sugar backed Andrew Forest with 200 million back in 2003 when no one would give Forest capital. That turned into Fortescue Metals Group, which is now ranked as the 4th largest iron ore producer in the world, with a market cap of over 15 billion. That also made Andrew Forrest number 308 on the Forbes Billionaire list with an estimated worth of 5 billion. Forrest’s wealth was built on iron ore sales to China and to some degree thanks to Eddie Sugar’s endorsement.
Eddie Sugars’s new company is EAS. The EAS web site shows that they have been involved in over 2.5 billion worth of successful transactions since their inception in 2008. Eddie Sugar has according to different reports been involved in between 7 and 20 billion successful deals. http://www.easadvisors.com/
Eddie Sugar:
http://m.theaustralian.com.au/business/mining-energy/twiggy-backer-pumps-funds-into-lng/story-e6frg9df-1226779250468#mm-premium
http://www.afr.com/p/business/companies/early_fortescue_backer_sets_sights_3bttqjyIyH4EOTGQI2ienN
http://investing.businessweek.com/research/stocks/people/person.asp?personId=118598545&ticker=WTG:CN
Tonogold (TNGL): http://www.tonogold.com/s/Home.asp
The I Hub Tonogold (TNGL) Board:
http://ih.advfn.com/p.php?pid=squote&symbol=TNGL
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