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

Bullboard Posts

Comment by philipmtran051on Aug 26, 2011 8:45am

414 Views

Post# 18981581

RE: RE: RE: RE: halted

I do NOT think it is a take-over offer because you are in the middle of fraud investigation unless you know something that the public is NOT aware of then it is insider trading.
IF it is a buyout then it had to be at the pre-falling level which is $18 + 25% premium and that make it around $24 level. Who is crazy to buy this POS at that price unless you know something so buyout is out of the question.

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