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Toubani Resources Inc. T.TRE


Primary Symbol: TOUBF

Toubani Resources (ASX:TRE) is an exploration and development company with a focus on developing a gold platform in West Africa. The Company is primarily focused on the development of the Kobada Gold Project in Southern Mali, a low capital and low operating cost gold project with the potential to produce more than 100,000 ounces of gold per annum.


OTCPK:TOUBF - Post by User

Bullboard Posts
Comment by ronaldcoon Jun 22, 2011 11:09am
191 Views
Post# 18750016

RE: China is a BLACK BOX...

RE: China is a BLACK BOX...Agreed and doesn't matter how many money they say they have in the banks it you can't distribute to bond holders or shareholders if the company goes bust.  So I don't see any equity in this business.  On top of that, this company his not cash positive as it has to raise money to finance its acquisition.  Even if the allegations are not all true, who would want to buy into a company for the long term when it doesn't even have enough money to finance it's activities and will have to go to market.  The rate they will have to pay in the future will be very high as the damage as been done.  Why do you think Paulson is out.  It doesn't matter if it's fraud or not at this point.
Bullboard Posts