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 abuseddogon Jun 06, 2011 10:01pm

431 Views

Post# 18678716

RE: RE: RE: RE: RE: RE: RE: Muddy Waters

Seems to me it's worth something. Sino showed bank reciepts for the 1.9 billion in cash reciepts. Divide 1.9 b by number of shares = vakue at a fire sale prices. Assuming inventory and other assests cover the debt.

Even if MW is right on some of the accounting shennaningans, I doubt that the extent of the allegations are correct. I doubt company is going belly up.

Sino has allready rebuked several of MW;s arguments. I'm thinking a 50% haircut?

Bought some at 5.01

Peeople are going to have to start providing documents or somebody is going the big sin bin.

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