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Toubani Resources Inc. T.TRE


Primary Symbol: TOUBF

Metals & Mining Gold
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

Toubani Resources Inc.
Bullboard Posts
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Comment by scobieon Sep 19, 2011 1:12pm
316 Views
Post# 19057781

RE: RE: RE: RE: Share buyback

RE: RE: RE: RE: Share buybackI have been trying to copy and paste and have no luck with google chrome.
"The company is subject to externally imposed minimum capital requirements, related to interest-bearing loans and borrowing and exceeds minimum requirements, during this period"
(if they can't pay dividends, then  they can't do any share buy backs)
See 2009 financials, p39,40, 41
"our ability to pay dividends to our shareholders is subject to restrictive covenants under the indentures pertaining to the 2011 Senior Notes and 2014 Senior notes...."
There is alot more information but I've given you the page numbers.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities