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 Jul 05, 2011 9:57pm

368 Views

Post# 18799160

RE: in @5.12

I am here as a trader and probably will not hold this many shares more than a few more days. I will leave some in my TFSA for shits and giggles as my entry point was low and it looks really good in there.
However, for those more serious investors, maybe like Morgan Stanley who seem to not have an end to their appetite, the article about Lumber imports speaks of the potential of this company for the future IF the allegations are false. This is still a big if but with the big buying by Barclays and now MS, I am thinking that the audit will exonerate the company and people may be shocked at how quickly this bounces back to the 12-15 dollar level. With such underlying strength in the fundamentals of the macro market for wood products, Sino Forest stands to perform very well.
Who do you believe I guess is what it comes down to...
Glorieux

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