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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.


OTCPK:TOUBF - Post by User

Toubani Resources Ltd
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Comment by Corrigan1on Apr 13, 2012 2:26pm
209 Views
Post# 19791783

RE: RE: RE: RE: RE: RE: RE: RE: POYRY

RE: RE: RE: RE: RE: RE: RE: RE: POYRY

I've made my blunders as well, and I'm currently sitting on some ERF right now that will take a lifetime to be whole on.

 

I stepped on a rake with ERF - twice. First I drank the kool-aide and got pretty excited about their Marcellues play with New York Gate pricing for production and then their North Dakota Bakken play and the predicted increase in cash flow and oil production so I failed to bail when the price was really good. Not satisfied with that, I sold some really good George Weston retractable preferreds and doubled down on BonaVista and Enerplus as the prices declined. I did pull the plug on Enerplus in January for a small capital loss (unclaimable because it's inside my RSP) but hung onto BonaVista because I think they are in a better position to weather the storm. So, same stock, different outcomes due to differing opinions of when and if to bail. Happens all the time. 

 

Anyway, this will likely be my last post in this forum for a while. We are packing and pulling up stakes in Florida and heading home, but by way of Nashville I hate living out of a suitcase but it will make my wife very happy to be back in Grand Ole Opry land. She always hopes to catch a glimpse of a country music star on the street or in a mall..

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