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Alias Born | 05/10/2014 |
Thursday, December 25, 2014 3:01:30 PM
This is the team building and asset accumulation phase of Tonogold’s development. Adding The Three Musketeers of Mining, Miller, Mazon & Moelis is proof of the team building! Miller, Mazon & Moelis are all from legendary investment, business and mining families. They do their homework and do not sign on with penny stock pump and dumps. For details of this phenomenal achievement that separates TNGL from every other penny stock on the pink sheets just look here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109243115
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106946490
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=109342869
http://www.streetinsider.com/Press+Releases/Tonogold+Appoints+Mr.+Jordan+Moelis+and+Mr.+Gustavo+Mazon+to+Board+of+Directors/9878437.html
The evidence of the asset accumulation is in the fact that Tonogold has now acquired 100% of the Mil-Ler iron ore mine in Sonora, Mexico. Additional evidence of asset accumulation is found in the Financial Statement released Nov 14, 2014 Summary:
1. A Closing Agreement between Miller and Tonogold was
executed on September 26, 2014.
2. Eddie Sugar at EAS is working on TNGL funding to:
A. Restart the Nevmex Mine. PRODUCTION!!! PRODUCTION!!!
PRODUCTION!!!
B. ACQUIRE NEARBY PROPERTIES and…
C. Conduct an Exploratory Drill Program. PROVABLE ASSETS, NI
43-101!!!
3. New Equipment Will Enable Production at 360,000 tpa
(30,000 metric tons per month) by EARLY 2014.
Tonogold has clearly stating (in writing) that they have closed the deal with Miller and now own 100% of the iron ore mine (debt free). And that they are raising money to “ACURIE NEARBY PROPERTIES”. They are adding assets to Tonogold!
The next phase will be the production phase. Which I believe will start in the first quarter of 2015. That is what appears to me to be stated in the financials. Then we will see the full reporting fully independently audited books of Tonogold and a real promotion effort by TNGL management. Remember, nearly 80% of the issued TNGL shares are restricted and for a time cannot be traded. The float on this is so small that once we get through team building, asset accumulation, production, full reporting and then into promotion; we are looking at some very limited supply and potentially huge demand numbers for TNGL stock. The stock price move higher could be explosive.
Tonogold is doing everything they have said in writing that they would do. Everything I put in my Top Ten List is now happening in real time: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106675028
And everything in my “Everything You Need To Know” post is also now happening in real time: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107284171
The stock price is a trailing indicator. The current pullback in price is in my opinion a buying opportunity. Buy low, sell high my friends!
This is my humble opinion and speculation. Please look at my past posts to understand where I am coming from. This is not a recommendation to buy or sell. Do your own DD.
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/
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