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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Comment by Bestofluckon Jun 14, 2011 9:16pm

259 Views

Post# 18715624

RE: RE: RE: RE: RE: RE: RE: RE: RE: Why it fell IM

well lets say they said,they were buying back shares starting today ....
they would be down already 32% in 1 trading day .
Bad advise? or good advise?
What would have happen if they started to buy at 8.00 ? good advise or bad advise?
You get the point .

Having said that,

The co founders own(2.7% Allen Chan and .07% Kit Kai Poon ) total just little less than 3.5% of the company , so one could ask do they really want to buy more shares?

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