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.

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Toubani Resources Ltd

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Comment by draxteron Dec 14, 2011 3:41pm

232 Views

Post# 19322671

RE: RE: RE: Some Thoughts

By the time they get around to paying the bond holders there will be far less money to pay them back, 25 cents will be a bargain.

No one has to prove fraud anymore, that point is now mute, even if Sino can prove no fraud which is a big if considering they now acknoweldge they will likely need to restate earning going back x number of years and will publish the final results of their internal audit 'in 2012' (December 2012? lol). by the time the dust settles there will be perhaps 15 cents on the dollar for bond holders.

For ShareHolders they will still get zero under each scenario.

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