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 tofurkeyon Jun 02, 2011 7:00pm

526 Views

Post# 18664766

RE: RE: Gravity of Muddy Waters Risk

Although I partly agree, and it is troublesome to think that way, if these are just "two guys in Asia", how is it possible they can move a $4 B market cap company down 25% (or 50% in the US today) on nothing but unsubstantiated facts? If that is the way the market operates, then we are all in trouble!

I would say part of the problem nowaday is the high frequency trading systems using algorithms that read headlines and respond automatically. It tends to accelerate and exacerbate any significant volatility.

Bullboard Posts

Visionstate set to leverage success in the U.S. market