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 mediascan59on Jul 05, 2011 7:51am

277 Views

Post# 18795398

RE: US Markets Today?

The US has had time to digest the news about Wellington and you would think their conclusion would be that if they are willing to put that kind of coin into TRE, then they must be very confident in the company.
Shorts will need to cover, so I think a combination of the two could have a very positive force on the price of this stock today. I wouldn't be surprised if it tested $5.00 again and then blew right threw it as the short scramble to cover today.

Happy Trading all,
Mediascan

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