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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
Comment by whoa_rimcheeseon Jul 07, 2011 1:25pm
242 Views
Post# 18807040

RE: RE: RE: RE: RE: RE: RE: RE: sold at 4.87

RE: RE: RE: RE: RE: RE: RE: RE: sold at 4.87A true conspiracy theorist would know that the one world governmetn would just issue a fiat one world currency - why would they want to hamper themselves with a precious metal backed currency.

These conspiracy theorists crack me up - I suppose Rothschild is one of the puppeteers? People always despise the wealthy and believe they are out to do evil. I guess if Buffet wasn't a coca-cola drinking modest man who drives and old car to his office in Omaha, he would be lumped in with the Rockefellers and Illuminati also. People buy into conspiracy theories because there is a huge fear that maybe there isn't a controlling force in the world - that calamities can randomly happen - no one likes to believe that chance and uncertainty are so prevalent in our lives.

Just imagine if your Allan Chan and are innocent.......nothing like having over 100 million of stock value wiped out from your portfolio. The man has not spoken or acted like he is part of a fraud AT ALL. Watch his video - think - this is a man who has probably had 3/4 of his wealth wiped out by accusations, and immediately supported a PWC investigation - he wants to prove that TRE is not a fraud to regain his wealth. Yes, the skullet he is sporting has made me lose a little respect (lol), but the man has been in trees for 20 years - if this was a fraud, and you were in his shoes, would you be hanging around? Skilling and Lay hung around Enron cause they truly believed they could either bury Fastow or claim ignorance - Chan would not have such a defence, as he is the one in the KNOW. He started the whole operation and business model. Fastow, as the CFO, who knew the inner-workings best - had no choice but to sell out the big guys to save his own butt. The whole, I'm the CEO - I didn't know the details and the accounting for those details mantra does not hold up.

And, for the record, for those confused - the company will assert they wanted to do the tour, and the analysts have said that it was pointless. Was not management lies - was analysts saying "what's the point?" until PWC report is out. The spin on this yesterday was disgusting.

People are also accusing management of lying about Paulson. You all damn well know when TRE talked to Paulson he stated he was supportive. Cause you know what, if Paulson had said nothing, or said he was UN-supportive, the company just wouldn't have said squat about Paulson. Paulson basically hamstringed them - people know he is cut-throat - why would he treat TRE any different. And, as far as Paulson not seeing value or him believing this is a fraud as a reason for sale is also clueless about hedge funds - his most valuable asset? His reputation. Being in the newspapers about losses on TRE and being invested in a company with a fraud investigation going is the reason he bailed - plain and simple. Know his office doesn't have to field angry calls as to why they are stilling holding a stock with fraud allegations hanging over head. You won't convince me otherwise. Notice how the remaining shares were sold after the media was lambasting the returns on his hedge fund........not a coincidence.
Bullboard Posts