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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 shiftmanon Apr 01, 2012 3:32pm
190 Views
Post# 19745340

RE: Tsx Delisting Review

RE: Tsx Delisting Review

Shares

Will show in your account forever until you have them removed ,because they were not sold.

senero i

sino files for bankrupcy in may 2012

sept 2014 sino is bankrupt  you still have shares

shareholder writes off shares in march 2013  for a cap loss

shares will still show in your account until you contact your broker have them removed

shares will only be reported as cap gain if someday in the future  they are sold.

if shares are sold you will have cap gain 100% .

 

scenerio 2

shares are bought by Chandler eg say 1.00  then holder has sold shares for cap gain / cap loss

the OSC has stated  Sino forest is restricted from trading.

therefore you can not sell shares

you may be able to ask your broker to sell the shares, try this, but wait and see if sino ,or chandler or some company that buys the assets will buy your shares.

i have no skin in the game but i think chandler may buy the company it was his game plan.

you will not get much however someone might buy them.

i did this with 32 shares of western financial when it was bought by desjardins.

broker did not charge anything and got 75% value.

do not write off, take cap loss the shares until your 100%  positive they have no value.

Bullboard Posts