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Golconda Gold Ltd GG


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

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold 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 South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately 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 approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Post by workingpooron Mar 27, 2015 11:19am
85 Views
Post# 23568893

Defying Logic

Defying LogicWhen the price of gold goes up, this stock goes down, and when the price of gold goes down, the price goes down further.  (at least other gold stocks trended up till yesterday.)  So, When the price of the good a company is trying to sell goes up for few days, shouldn't it drive the stock up?  Or, is there something that major investors know that we don't?  Or, is there simply a time lag for this stock?
Bullboard Posts

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