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.

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Toubani Resources Ltd

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Comment by agoldbloomon Jul 25, 2011 10:40am

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Post# 18868323

RE: RE: Leverage is in the options...

September $6's will cost you $1.20 per share, October $1.65. Longer term options are always a good option for volatile stocks however the upfront cost add to your capital risk. I'm suggesting short term just because if the move is going to happen it will be shortly and if you're a short term trader and risking say almost $12K to buy 2K in shares, I think it would less risky to buy the $6 calls for
.65 (ask at this moment) for $1300 risked capital for the same trade. Options are time limited but day trading the shares puts you at risk for another black swan event....at the same time, I fully expect TRE to bridge half the gap down from $14 to $5...an $8-10 near term target barring any special announcements is likely IMO.

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