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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
Post by ghost11on Jul 20, 2011 8:38pm
474 Views
Post# 18854486

The down volume was insignificant

The down volume was insignificantI am a trader and if I bought at 3.73 I would sell anywhere above 4, which I did the past two days going in and out , last sale today at 4.98 (somehow got the almost high), but went back in early at 4.86. What I mean to say it is normal trading for you and while we thoght it will hit 4.60-4.70 and bounce today, it did not but that means the bounce will come in tomorrow past 5.50.. Traders buy low and sell higher and re-enter sometimes below some times higher too. THe uptrend is intact buddies. Tom. morning could go a bit lower if funds hold till weaklings sell but they will trip over each other later
Bullboard Posts