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

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Comment by Goldenringon Jul 28, 2011 12:13pm

323 Views

Post# 18883376

RE: Potential Takeover Candidate?

IMHO come a month or two from now this stock will be either back in the $17.00 - $ 20.00 range or back down to $1.00- $ 3.00 bucks considering the audit has gone on now for at least 6-7 weeks and no leaks of bad news, as some posters have already pointed out nobody resigning yet, 2-3 big investors junping on board, nothing new from CB or MW I'd say were looking pretty good to go back up in High End of $ 17.00- $20.00.

Time will tell for sure but as each day passes without any bad news I'd say its looking better and better everyday

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