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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Comment by netprofiteer2on Jun 02, 2011 5:17pm

608 Views

Post# 18664384

RE: RE: RE: Muddying the waters

Agreed that the company should have issued a clear statement today. Thanks to the internet, and the fertile ground of Chinese IPO's and the huge appetite for them from higher risk traders outfits like Muddy Waters can come in and do their "research"; get a couple of wins (their previous successes are complicated..there was already some rot when they put out their sell calls). Sino is their biggest yet by far and I would not be surprised if they made a huge amount of $$$ today. How to engineer a panic..they've got this figured out. This story is far from over..my guess is that Sino will be shown to be totally legit but.."when in doubt...get out" I got out of some, but not all, today.

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