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Toubani Resources Ltd T.TRE


Primary Symbol: TOUBF

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

Bullboard Posts
Comment by netprofiteer2on Jun 03, 2011 3:27pm
382 Views
Post# 18669438

RE: Down 85% in two days....

RE: Down 85% in two days....Appearences can be deceiving..very deceiving in this case. Given the very broad institutional ownership here it is likely that those holders are bailing en masse...the herd instinct.  No one wants this in their portfolio or on their recommended lists until the dust settles (if it ever does). This weakness could be a case of institutions overwhelming the market..like someone yelling "fire!" in a crowded theatre. CNBC has just reported that Block called SF a few times using assumed names and got differing responses to his questions. Sounds like MW's approach is a little strange.
Bullboard Posts