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Re: wampum611 post# 2081

Wednesday, 06/18/2014 5:12:22 PM

Wednesday, June 18, 2014 5:12:22 PM

Post# of 3480
A Perfect Storm at Tonogold * Going to Full Reporting Status!

There is a perfect storm brewing at Tonogold. Let me explain:

Full Reporting will require TNGL to submit to audits by independent accounting firms and comply with SEC disclosure regulations. The major funds cannot buy a stock unless it is at full reporting status. Full reporting and owning a producing asset will totally separate us from other pink sheet, penny junior mining stocks. Full reporting is a requirement in order to be taken seriously by many professional investors. Obtaining full reporting status is a process that takes between six months and a year, depending on how it is accomplished. Based on the fact that the TNGL press release announcing this was dated 6 November 2013. THAT WOULD PUT THE TIME LINE ROUGHLY SOMETIME AS EARLY AS MAY 2014. Please note that the press release says “as soon as possible.”

The following quote is from the TNGL 6 November 2013 press release: “Tonogold also wishes to advise investors that it has appointed Hamilton & Associates Law Group P.A. (Corporate Attorney) to assist the Company in its application to become Reporting Issuer under the Securities Exchange Act of 1934, as amended. Tonogold's objective is to become fully reporting and quoted on the OTC Bulletin Board as soon as possible.” A link to this press release: http://www.tonogold.com/s/NewsReleases.asp?ReportID=610323&_Type=News-Releases&_Title=Tonogold-Resources-Inc.-Engages-RM-Corporate-Finance-for-6-Mill-Capital-Rai

The Tonogold 8 May 2014 press release states in part “The Company is continuing to work with its advisors in a bid to become a fully reporting entity as soon as possible. Additionally, we expect the reverse share split share price will provide Tonogold the opportunity to list on secondary exchanges in the near-term, as well attract a broader investor base. “ You can 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

I think we will find out at the June 23 shareholders meeting that the producing iron ore mine is 100% owned by TNGL. The extra shares that are being asked for, that are over the amount we were told would be needed to close the iron ore deal, are going to go toward purchasing other valuable assets for TNGL. The 10/1 reverse split will raise our stock price. And we get a significant budget to tell the TNGL story to the investment world. All of these things are happening at about the same time, creating what will be A PERFECT STORM for shareholders!

Then in a few months when we meet the requirements to list on a higher exchange, being off of the pink sheets will give us much more credibility and EVERYONE WILL BE ABLE TO BUY OUR STOCK WITH MARGIN. All of these things together will build some serious upward momentum in our stock price.