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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a gold producer and explorer with mining operations and exploration tenements in South Africa and the United States. Its principal business activities are the exploration, development, and operation of gold mining properties. It operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing mine which also has the rights to certain mineral exploration tenements (the mine and mineral exploration tenements collectively, the Galaxy Property) located in the Republic of South Africa (South Africa), through subsidiaries located in Mauritius and South Africa; and a mine and processing infrastructure located in the United States of America (the Summit Property). Its Galaxy gold property is situated about eight kilometers (km) west of the town of Barberton and 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. The property covers 58.6 square kilometers and is part of the Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by blacky2on Sep 26, 2006 11:10pm
246 Views
Post# 11425081

RE: vote

RE: voteAgreed, John Nadler of KITCO was interviewed on ROBTV today and he is also of the mind that this M&A trend has gotten out of hand being driven by the investment bankers and backroom boys. At the end of the day investor value is what matters and when companies overpay for assets this is not created. Unfortunately it seems to be coming more preavelant in todays markets as exploration gets increasingly expensive and risky. That's why it's essential to have a few good quality juniors in your portfolio waiting for the majors to come calling.
Bullboard Posts