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 repap_nbon Jun 07, 2011 9:31pm

344 Views

Post# 18684319

RE: RE: Now trading at less than cash value

"You idiot-- it has already been posted a dozen times that they owe way more than they have. Common shareholders are last in line. Their real cash value is minus a billion or so."

now robnhood , even MW gives them the benefit of the doubt there are enough assets + cash to cover the debt. I've seen you post this garabage a few times and each time you conveniently seem to forget about the value of the trees....
2 Billion in Assets
1 Billion in Cash
less
2 Billion in debt

leaves about 4$/share

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