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Toubani Resources Ltd T.TRE


Primary Symbol: TOUBF

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

Bullboard Posts
Post by FmrAnalyston Aug 24, 2011 6:58am
463 Views
Post# 18973818

Weighing In

Weighing InI've refrained from making any comments on Sino-Forest as it was not the type of company I would typically invest in. However I have become increasingly bullish to the concept that the company will be bought out before the end of the year. To me it makes perfect sense if the value of the company is to be realized in the long run. New corporate ownership would restore investor confidence and allow the new entity to borrow the funds they need to acquire land tracts. For the above reason I am looking to acquire shares in TRE before the weeks end. I'm not concerned with S&P, delays in the report or the silence from the company. I'm sure there are a battery of lawyers behind the scenes guiding all involved.
Bullboard Posts