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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 scobieon Sep 20, 2011 10:14am
322 Views
Post# 19060980

RE: RE: RE: RE: RE: RE: Share buyback

RE: RE: RE: RE: RE: RE: Share buybackgood morning...I too don't want to be ad nauseam....but - guess I am!
The analysts were 'hoping' the relaxing of covenants would mean dividends, but that isn't want ended up happening.  There is no dividend or share buy back policy allowed as these bonds are still outstanding.
Refer you back to Requiem's post as of yesterday as that is current status.
Regards, 
Scobie
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities