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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 Mar 31, 2012 9:17am
256 Views
Post# 19742852

RE: let me rephrase my question

RE: let me rephrase my question

A lot of people took a gamble on this stock after the allegations and got burned.  Anyone that owned Sino as part of a diversified portolio lost some money, but  will survive.  If the allegation would've been falsed, Sino Forest  would still be in business right now and should've sued CB immediately.  Even with the allegation, if their business model was real, you would think that the cash flow would be sufficient to meet their obligations.  The reason they're going bankrupt is because they don't have the cash flow they said they had and without continuing their fraudelent activity, everything came crashing in (Ex. Maddoff)

Bullboard Posts