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

Bullboard Posts

Comment by markvrdon Jul 13, 2011 3:50pm

330 Views

Post# 18827864

RE: Wellington

In response to your points:
1. They would not be be buying every day -- they'll wait for strategic points at which to add just like we all do.

3. If they bought in the very short term, we would have seen a lot of selling from a single house in this time frame. This did not occur and CIBC was the biggest single seller and did not sell nearly enough to account for a Wellington exit. It's unlikely they would be selling through CIBC, a Canadian discount brokerage which typically handles retail investors.

Bullboard Posts

Global Tungsten Market and Supply Security