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

Bullboard Posts

Comment by knowsnothing613on Aug 04, 2011 2:12pm

197 Views

Post# 18904820

RE: ////// NOW DOWN "over 350 Points"//////

Always believed global markets would correct. It's what happens when everyone one and there mother were over leverage on margins to maintain positions. Once the unwind happens, and margin calls are called, everyone needs to sell.

Global macro economic conditions were the trigger. But everyone believe the market was risk free, because of QE, and could only go up, so got leveraged up, was the disease.

Even gold, and silver are correcting.

Waiting and seeing what will happen. Will QE3 be announced, or will we have another Lehman moment out of Europe? Stay tuned.

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