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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
Comment by Bestofluckon Jun 14, 2011 9:51pm
336 Views
Post# 18715764

RE: RE: RE: I highly believe that MW isn't the onl

RE: RE: RE: I highly believe that MW isn't the onlRe the big short position,

I wonder if some of that short isn't from longs on the stock trying to protect(as much of as they could) there original investment.If it was being "shopped around" openly by MW as some analyst claim it was, then some of the big momey guys (longs) had to catch wind of it a while back ....Heck even that chinese anylst that blew the whistle in March, if i held a big long position in the stock and seen that report, i'd be doing some hard thinking and looking to protect myself ....

Example i hold 1 million shares long avg cost of 15 dollars, and the storm hit as it did  , they could take on 1 millon shorted shares at 20 dollars , and from that point get protection from downside even if it went to nill....

In the end recovering all loses on there 1 million long position and , even end up making money on the short position ...


Bullboard Posts