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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 Preteriston Aug 29, 2011 5:09pm
225 Views
Post# 18990875

RE: RE: Investors expect TRE default on debt

RE: RE: Investors expect TRE default on debt"If they buy the  debt at 20 cents on the dollar then they believe the chances of default are high."

I guess you were not able to understand my point.  No biggee...

You phrased it correctly "the CHANCES of default are high."

But it is not a 100% given, is it?  And that was my entire point.

Not ALL investors (especially the big boys) expect Sino Forest to default.  Like you said, if they really and truly believed that, they would not be investing millions into the bonds...

Biased media headlines are deliberately misleading in order to sway public opinion...
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