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 Preteriston Jun 24, 2011 4:07pm

258 Views

Post# 18763246

RE: In @ 2.6

"Picked up some shares right at close for 2.60. A little leary to hold over the weekend. but the price was right."

Curious...why is it leery for you to hold over the week-end? Are you worried about losing a few pennies or a major portion of the investment? If the major portion, you shouldn't have even purchased!

If the stock is ever halted, and the report is positive, then the longs do well and the shorts are screwed.

Conversely, if the report is negative, the longs don't fare so well and the shorts do well...

Buying at the close because of a few pennies is ridiculous. Either you believe in the company or you don't.

Will you sell if it opens on Monday at $2.50?

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