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 repap_nbon Jun 03, 2011 9:19pm

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Post# 18670552

RE: RE: RE: RE: Anyone long TRE now or in 2009, 20

From my own experience I participated in 2 Class actions - really just to see what was involved
Nortel and Purchase Pro were the stocks and both misled investors was my take.

By my calculations, 60% of the $ went to the lawyers. The process took so many years that the cynic in me equtes this to "due process at maximum hourly fee..." I cringe when I see a class action being filed - RIM is currenlty being hit. What kills me is when the lawyers, who did not own the stock, take in more than the collective group of investors...

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