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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 22, 2011 9:09pm
766 Views
Post# 18864041

With all the lawsuits and

With all the lawsuits andbad reviews and under reviews, TRE held it's own and went higher. Sold all holdings bought at 4.86, at 5.12. Bad call. bought back 50% at 5.05. Scared to wager more. While probably will go higher next week and could scale 6.50 , a drop of 1 dollars is not unlikely too. Getting the willies.
Having said that I keep a core of 200o shares ( paid for from gains) as a longer term wager. The could go to $40,000 or dump to below $4000. high reward and moderate risk in my opinion. If a billionaire can buy 27 million shares at 4.05 we are in good company.
Bullboard Posts