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 flyinghorseon Mar 30, 2012 1:16pm

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Post# 19739462

RE: RE: funny senario

he personally wouldn't have this kind of money, but we don't know who is behind him, his hedge fund buddies, for example. sinoforest is no fool. they wouldn't sue anyone for 4 billion if he only has a few million. The bottomline is there is no evidence of fraud, but the company has to collapse in the capital market to save everyone's behind, the only way to disentangle themselves. the suit is the first one to declare, maybe many to follow. They should sue anyone, osc, g/m, etc. anyone that declare fraud, but cannot show evidence.

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