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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 markvrdon Jul 15, 2011 6:56am
184 Views
Post# 18834283

RE: Please disregard my postings

RE: Please disregard my postingsMorning James,

While we have different opinions about the company, I want to make it clear that I do respect the fact that you have got a clear opinion and are willing to back it up.   I've read your blog and your various posts and many of them have been a good starting point for some additional research.   Like someone else said, it helps me sleep better knowing that I've researched the downside risks as much as I can.  

My interests here are obviously different than yours since I tend not to trade on the downside.   I've got a core position in TRE that I picked up on one of the slow days about a couple of weeks ago when everyone was down on the stock and I've stuck with it and done well.   I've also temporarily held larger positions and traded them around.    Like I've said in my posts before, I would not "bet the ranch" on TRE just as I wouldn't on any stock.   However, I think it's got some good up side to it.  To be thinking about sticking with a stock for the long haul is a bitunusual for me because since 2009, I have done a lot of short termtrading to avoid some of the risks of very volatile markets and havedone well that way.

Fundamentally, neither you nor I can definitely tell what's going to happen with TRE.  I get the sense that you believe what you're saying and that works for me and I respect that.  I think there is a lot of tension in the markets in general right now and emotions run high.   Like a couple of people have said, I hope you do stick around since all opinions are valuable if they're researched and genuine.

All the best,
Mark
Bullboard Posts