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 Preteriston Aug 31, 2011 12:10pm

271 Views

Post# 18998191

RE: RE: Transfer to RRSP

If you are allowed to transfer your TRE shares at a zero price limit (Some have been set at this price, CIBC for example), then you have no RRSP claim for the year they are transferred, which to me isn't much of an initial benefit. If TRE craps out you lose the capital loss claim and if TRE does well you eventually have to pay the appropriate taxes. Of course, the tax rate is only charged at how much per annum is made (withdrawals + income), so the choice is up to you in that regard.

If TRE is to eventually perform, the TFSA would be the way to go - no taxes applied. But if it tanks, then you have wasted your TFSA allotted deduction...It is similar to the risk reward ratio that has been made many times on this forum.

Bullboard Posts

A Look into the Future of Chronic Pain Management