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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Post by glorieuxon Jun 09, 2011 12:35am

542 Views

Post# 18691198

Morgan Stanley

Has bought 4.4M shares in the last 4 trading session. They could be covering a short but a 2 year review showed them as holding 1M at the lowest point in the last 3 months. I guess they could of shorted under anonymous but why hold on to the shares you own if you know this is going down. In the end, I think MS is going long in a big way here and today was their biggest buying day so far, 2.65M shares. If they are just covering shorts, should be done soon. If they are going long, they may keep buying...
Glorieux

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