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 MilitaryManon Aug 28, 2011 9:02am

538 Views

Post# 18987043

Things could get even more complicated

Will not go to
..

Short term SP beating may well be warranted..once trading recommences but as,

OSC report not yet released to the public ..Until we see how aggregious the potential fraud may well be...we cannot fully guage the impact upon a true valuation for this company....To what degree was potential fraud committed? Is it terminal or we just talking about graft and other unsavoury types of business or accounting practices...Far too many unanswered questions..

Virtually dead $$ for quite a while with this latest event & lawsuits overhanging the SP. Many examples of companies written off for dead that make a stunning combacks after cleansing of board rooms and refinement in business models...

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