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

Post by Barolo12on Jun 17, 2011 12:49pm

258 Views

Post# 18729807

Surprised

I am surprised that the stock price dropped today given the seemingly positive report in the G&M about the "subsidiary" clarification.

So it makes we wonder how positive the news will need to be to move the price up significantly.

Dazed and confused, but then again I am considering buying RIM today and given my TRE purchase at $4.34 last week, I should probably resist that urge.

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