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 knowsnothing613on Aug 15, 2011 11:32am

276 Views

Post# 18942524

RE: Anybody Selling Today?

yeah, I sold out.

Don't like the econometrics out of the US. TRE, after the financial adjustment, had a net loss of 6.8M. Margins were down. audit will not come out until the end of the year.

I'll buy back in if it goes a lot lower.

Made 30%. That's good enough for me.

I'll be day trading this until the audit comes out.

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