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 markvrdon Aug 24, 2011 4:23pm

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Post# 18976255

RE: RE: Would you believe I sold some?

No, this was not a dead cat bounce. It was a process of cleaning out some cobwebs and shaking out some jitters. I think it's got a long ways to go yet.

I explained the reasons for selling off some and it's because one of my rules is not to overextend, especially in risky plays. I bought a bunch yesterday in the 4.20s when eveyone was bailing on the stock and in so doing, put myself into over-extended territory (too much cash in one stock with very little room to maneuver). My sell before close was simply paring things back to where I'm comfortable. Please don't use it to feed the bashing mill.

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