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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
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Comment by renoldmanon Jun 14, 2011 7:10am
361 Views
Post# 18711048

RE: RE: Sino loss of .08, misses estimates...

RE: RE: Sino loss of .08, misses estimates...The reason they have a lose is because the share price increased.

Take that 53 Million out and guess what happens?

That's right suckers, 31 Million in profit.

If you want to argue that the price should decrease, remember that as the price decreases the convertible feature decreases in value.

The report stated that if they repriced to Friday's close there would be a $450 Million accounting gain.

You can't have it both ways.
Bullboard Posts
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