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

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Comment by netprofiteer2on Jun 20, 2011 8:25pm

180 Views

Post# 18740992

XFBXM

We same to be getting a disaster du jour with this stock. Any positives here? Well we don't have to worry about Paulson's block overhanging the market. Makes you wonder what SF meant when they said Paulson was "supportive" last week. When the biggest shareholder bails it is never good but keep in mind his performance year to date has been poor and he is likely being pressed for redemptions which means he must raise cash.

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