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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

Post by biotechguy1on Feb 27, 2016 9:16pm
210 Views
Post# 24602572

Either or.......

Either or.......IT's a guess as to where Gold is going still ( I believe higher ).  As for the paper losses etc and divdiend being reigned in.  Well, they can always change it.  It is Goldcorps MO to get the share price up and then trade share for fractional shares of companies they are interested in. 

In other they jack their stock with hgiher dividends then when they hit there magic # they by another company and then remove the dividend to drop their stock price back.   Look at the PRB buyout...!!

Bought 600 million dollar mine for 300 million about right if you do the math.

But, G is just a sleepy stock...

Or perhaps they are waiting for Gold to rise...and buoy their stock that way.

Makes no difference OIL is not coming bakc anytime soon.  And when it does I will go the other way.

GLTA

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