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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 79AUon Jun 04, 2011 9:25am
409 Views
Post# 18671223

RE: Run for cover??

RE: Run for cover??"I think , as one poster suggested, the market wants to see ownership of trees, and proof of liquid assets, niether of which is perceived as a particularily tall order."


Agree with all, especially the comment above.  Were SF to have their auditor provide evidence of the $1.2B in cash holdings, this would quickly go far in re-establishing credibility.

Although, one wonders why a company that has never paid a dividend would be sitting on such a growing pile of cash-- now $1.2B or 20% of total assets.

Show me the money.
Bullboard Posts