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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 11:43am
163 Views
Post# 18835584

RE: for the peole who believe analyis

RE: for the peole who believe analyisWell there are two possibilities right:

1. All the analysts, auditors, independent agencies, and employees are frauds.
2. Carson Block might have stretch the truth to make some money

We also have to imagine away all the trees and equipment and assume it's one massive 17 (or is it more) year conspiracy.  

I'm not saying it isn't possible.   However, like RequiemD has stated, I don't think those holders of 40 million shares short are going to bet on CB's credibility by sticking around until D-day.     Why would they do that if they have already made a pile shorting this thing?   Why risk all their gains to date in case CB is wrong -- especially since he hasn't proven a single fraud to date among multiple companies.

No, I think most of the shorts will be trying to exit before PwC report comes out.   The volume is indeed slow again today... hmmmm.....



Bullboard Posts