Toubani Resources Ltd T.TRE

Primary Symbol: TOUBF

Metals & Mining Gold

Toubani Resources Ltd is an Australia-based exploration and development company. The Company is focused on advancing gold development projects with its oxide dominant Kobada Gold Project. The Kobada Gold Project is located in southern Mali, approximately 125 kilometers (kms) on a straight-line south-southwest of the capital city, Bamako, and is situated adjacent to the Niger River and the international border with Guinea. The Kobada Gold Project is based on one mining exploitation permit (Kobada) of 136 square kilometers (km2) and two exploration permits (Faraba and Kobada Est) of 77 km2 and 45 km2. The Kobada main deposit hosts 2.4 million ounces (Moz) of predominantly free-dig, oxide gold over a strike extent of 4.5 kilometers, which is also open at depth with mineralization open down dip. Toubani Resources Mali SARL is the wholly owned subsidiary of the Company.

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Toubani Resources Ltd

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Post by leslie000on Jan 15, 2007 12:45pm

456 Views

Post# 12018595

Take over not happening

This reversal of news is not surprising to me. Investors are always told to buy only companies with upright management. The management proved themselves the opposite a few years ago. I remember very clearly how they issued about 20% more shares AFTER the share price tanked on an analyst's report they overstated their productive properties. Fiduciary duty to the existing shareholders would dictate that more shares only be issued when the price is peaking, never when the price tanks. It is not illegal, it is immoral. Anyone who has bought since that time should have known the king has no clothes.

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