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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 7:20am
326 Views
Post# 18711083

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

RE: RE: RE: Sino loss of .08, misses estimates...If we compare this quarter to last years quarter, the profit before changes in fair value line, we can see that it increased from 48 to 50 Million.

That may seem small, but looking at the financials, it appears that the difference is largely in the financing and selling and administrative areas.

Financing makes sense as they acquired a large amount of debt.

Selling and admin expenses increasing also makes sense because the company is growing and selling more.

Okay the report didn't dazzle and amaze, but we do see an increase in income from operations (even after interest charges).

What were people expecting 100,000,000,000,000 in profit?

Sorry this is real life, and if things were that easy, why aren't you running your own company?
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