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 glorieuxon Jun 23, 2011 1:07am

375 Views

Post# 18754088

RE: Short the Markets and enjoy. TIMBERRRRRRRRRRRR

Well, I like being long with an average price under $2, at least I know what I stand to lose. Going short at $3 with the heavy buying at the end of day is a little scary, even for me. Not knowing how much I stand to lose would scare me the most. I guess that is why you are still up...cannot sleep knowing we have a huge gap up coming eh!
The professionals shorted this at $20. The guys shorting now are pure gamblers (like us going long I guess) but right now, momentum is on our side. My prediction is for an open at $3.28.
g.

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