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

Post by tazzz222on Aug 27, 2011 4:53pm

385 Views

Post# 18986498

What if??

What if the OSC is really acting in shareholders interests? I mean, if the company has engaged in some minor overstating of revenue assets / fraud - there is a business here, it is not Brex. Maybe they think the company is worth more than what it is trading for and they want to prevent some of the big guys from purchasing more shares at the current cheap price? I too refuse to believe 2 very large firms would purchase such a significant amount of shares without completing their due diligence ..these are very smart people..

Just a thought, I realize I could be wrong.

BTW: I am also caught with approx $15k worth of shares

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario