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

Post by agoldbloomon Jul 25, 2011 10:17am

285 Views

Post# 18868174

Leverage is in the options...

I have found that most are trading TRE for short term gains (and losses) and I think that there would be less risk to capital in options, the $6 call for this month are trading just above
.50 - the right to buy the shares at $6 within the next month. If something were to cause the share to tank, you lose the
.50. If it were to break $6 which it now appears that will happen if we close above $5.30 today (according to the charts), then the profit is multiples of your buy price (also know as wager in this case). Of course there are higher calls which are cheaper if you think the share will hit that 50 wk moving average at $8 and change, or downside puts for if the report comes out with bad news....but they all come with a price. At this casino short term calls make sense for short term trades. imo

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