Tonogold Resources Inc (TNGL)

[joeblow110percent]

BHP, Rio Tinto … Raise $21B for M&A…
http://www.bloomberg.com/news/articles/2016-01-06/bhp-rio-tinto-could-raise-up-to-21-billion-for-m-a-bofa-says

“BHP Billiton Ltd. and Rio Tinto Group, the world’s biggest mining companies, could sell as much as $21 billion of shares to help them buy assets from distressed industry rivals, said analysts at Bank of America Corp…”

In my opinion this was the plan from the beginning. The world’s biggest mining companies massively over producing iron ore into weaker world-wide demand to drive the price lower and put rivals out of business. Then they consolidate the industry by purchasing their competitors assets for pennies on the dollar. Then they cut production and watch the iron ore price rise. It appears to me that this is what is happening in real time.


Your Due Diligence starts here:
http://investorshub.advfn.com/Tonogold-Resources-Inc-TNGL-4288/

This is my humble opinion and speculation. This is not a recommendation to buy or sell. Please do your own Due Diligence.

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