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 Jun 11, 2012 8:24am

330 Views

Post# 19998624

RE: RE: RE: RE: RE: Big News on Sino

Hound, I never stopped being long. I still have the same number of shares I owned when the stock was halted. I'm pretty certain that my shares are worth zip though. The note holders are in the driver's seat and the shareholders have been left at the bus stop - in my opinion. I didn't spend hours pouring over the details but if the note holders have rejected a sale of whatever assets there are and decided to take over the assets themselves, so they now have the equity position (if there is one) and we have bupkis - or if you prefer, goat droppings. I would be happy to retract this statement and publicly east crow in the future if a miracle happens. However, I don't feel that scanning the night sky for signs of that miracle is very productive right now.

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