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 netprofiteer2on Jun 20, 2011 10:34pm

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Post# 18741467

RE: RE: RE: Paulson Dumps

I was on a conference call with Paulson a couple of months ago when he was marketing a Canadian version of his fund called "Propel". I did not buy any and as far as I know this offering was not a roaring success. Yes Paulson has an amazing track record over the last few years but recent comments on his performance have not been flattering..he is down at least 20% year to date. He has sold all his shares..a bold move but likely it was done with strong opinions on the allegations.. I don't think CB advised him on this. It is still a small part of the overall funds he has under management. Will he buy back in?? Don't hold your breath. Why did SF say he was supportive?? He probably was..he just did not bother to tell them that he was getting out. He is still supportive..but it doesn't matter anymore.

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