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 unclesam2on Jun 17, 2011 6:04pm

204 Views

Post# 18731660

RE: RE: RE: jim_n Cross Trades

- Nothing much to read in the price action after market close. The 3.19 is a VWAP transaction. If you recall, TRE was dropped out of an index at the close today and another firm MEG on TSX was added instead.

- VWAP happens after market and is a must fill transaction as the index has to re-balance

Yes, it shows that TRE closed at 3.19 today but I wil not put a lot of "technical analysis" into it.

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