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Toubani Resources Ltd T.TRE


Primary Symbol: TOUBF

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

Bullboard Posts
Comment by Preteriston Oct 26, 2011 4:15pm
277 Views
Post# 19184005

RE: RE: RE: Some serious questions.

RE: RE: RE: Some serious questions.Cwericb said, "One more question no one has brought up and this is some food forthought.... When this starts to trade again (assuming it will), At whatprice would you be a buyer of more shares? At what price would you be aseller? Certainly this will depend a lot on what PWC says, but assumingit is not disasterous, I sort of see this as more of a long termposition for two reasons.

1) The damage done to the stock price will take some time to repair

2) Assuming new management with Chandler or others calling the shots, they will need time to get the company reorganized.

Also if the company starts to trade again, will there be a move byChandler to acquire more shares and what impact would that have on thestock price?

I am just thinking out loud here but no one here seems to be thinking beyond January - perhaps with good reason."

These questions have been answered several times in several posts. You are going to have to look for them.

Bullboard Posts