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.

OTCPK:TOUBF - Post by User

Toubani Resources Ltd

Bullboard Posts

Comment by HippygirL74on Nov 19, 2008 10:53pm

343 Views

Post# 15597670

RE: RE: RE: insider trading says SELLLLLLLLLLL

one insider sold at about $9 - $10 one month ago. Recently insider bought 2500 shares above $7.00. And the 12.5 MM short position was at higher levels and will have to be covered sooner or later. imo, shorts were anticipating effect of no Russian tax and stockpiling of round logs and this pushing prices lower. True, however, Russian imports account for 6% of Chinese imports. Basically, we are back to 2007 levels which were very respectable.

Stock is over sold and should rebound. imho.

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