Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Toubani Resources Ltd T.TRE


Primary Symbol: TOUBF

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

Bullboard Posts
Post by prospector11on Jun 28, 2011 4:20pm
313 Views
Post# 18775859

I've been wondering..................

I've been wondering..................Its reported that a number of law firms have been beavering away lining up clients to launch class action suits against TRE and its management. Of course there can be no action if there is no fraud found. Now these actions seem to be based on MW alligations against TRE. The bugaboo here that makes me wonder is, that if MW is to be believed, TRE's operations are mostly empty fabrications and their assets are are mostly non existant. The lawfirms preparing to launch class actions against TRE should be quite aware of this. So what is the benefit to them to win a suite against an entity that has no ability to pay the damages? Surely they don't expect to work for free or maybe not even recover their costs. So I wonder, could it be that they are lining up their cases austencibly against TRE but with an underlying plan to switch their sights onto the accuser when TRE proves the alligations against them to be false? I've often heard it said that MW& CB is bullet proof against such actions but maybe some others are less sure of this and are willing to test it in the legal arena. One thing seems apparent is those pockets would be full of new found wealth.... Just my musings.
Bullboard Posts