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 Corrigan1on Mar 30, 2012 1:38pm

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Post# 19739625

RE: takeover offer

I believe we will gratefully accept whatever an offer now!

I should hope so, Getting back as little as 35 cents on the dollar for the $14.00 book value per share would allow me to break even and live happily ever after. However, if the compamy could effect a sale, I'm guessing they would be advised by the lawyers to hold a large chunk in cash to hedge against possible unhappy outcomes of the class action suits. In other words, we could ossibly be waiting for years for a happy outcome for shareholders. :(

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