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 Barolo12on Jun 14, 2011 12:45pm

214 Views

Post# 18713024

RE: Massive Selloff Complete powerhour

Picked up some at $4.33. I think that today we are seeing the day traders closing out their positions and moving off to other pastures. With the news conference over and nothing to look forward to other than the PWC review in 2 - 3 months, why bother tying up your $ here?

I suspect we form a bottom at this level and start to trend up in the days ahead.

Will be interesting to see the short position as of tomorrow (next short position posting is June 15).

Bullboard Posts

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