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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
Post by janpieron Jun 13, 2011 3:32pm
430 Views
Post# 18708820

Credit Suisse Previews Sino-Forest Q1 Earnings, Ju

Credit Suisse Previews Sino-Forest Q1 Earnings, Ju
Credit Suisse has a Neutral rating and $6 target price on Sino-Forest Corporation (TRE.TO) ahead of its Q1 earnings and conference call.
Earnings preview: "Sino-Forest is scheduled to report Q1 2011 earnings on June 14th before 7am (eastern)/7pm HKT. We are forecasting Q1 EPS of US
.18. From our perspective, there are no reliable consensus numbers as virtually the entire Street recently suspended coverage. Arguably, the recent market developments overshadow the quarterly financial results along with the IFRS transition and make the quarter potentially even less meaningful. Given the long-cycle nature of most of our coverage universe and specific timberland issues, we do not place undue emphasis on quarterly results."
Selected issues: "Given recent events, the most significant quarterly issue on the quarter will be the actual reporting of financials on June 14th. In terms of risk management, we would not be surprised if TRE's auditors issued a qualification statement relating to the recently appointed independent committee and other activities. With TRE's partially pre-announced results, figures like gross margins, cash flow generation, capex goals and an overall update will be critical for the tone and direction of the stock."
Conference call details: "Sino-Forest will hold a conference call at 8:30am EST/8:30pm HKT on June 14th."
Valuation: "We believe TRE's shares face a long road to redemption, but the process is fluid and subject to change as new information becomes known. Our financial model remains unchanged since the start of recent share price volatility; however, we apply an 80% discount to our C$28 NAV to obtain our C$6.00 target. The discount compares to TRE's shares trading at roughly 35% of a reasonable NAV during the global financial crisis and is supported by a number of other approaches. We remain Neutral."

Read more: https://community.nasdaq.com/News/2011-06/update-repeat-credit-suisse-previews-sinoforest-q1-earnings-june-14.aspx?storyid=80351#ixzz1PBd91Pfw
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