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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 Mar 29, 2016 3:18pm
122 Views
Post# 24708417

Q3 Q4 2016 be ready

Q3 Q4 2016 be readyJust wait till all the oil companies have to re-state reserves for their balance sheets in Sept through Nov 2016...........Ugly...some will be insolvent.
Massive amount of 2016 vehicles all brands still sitting the lots......

Rush into Gold starting very soon....and clean through next year.
Silver mines starting up and hoping for a piggy back on gold !

A lot of Countries.....

Banks have two choices...,,,,,,,,

Raise interest rates...to shore up local currencies ! And destroy anyone with a mortgage/ short term debt.

Negative interest rates and keep "Hoping and wishing" for better more robust times with steady inflation....therefore sucking the finanical life out of the saving consumer !  Especially affected, would be the baby boomers without gold plated government pensions.  A those pensions too, are drying up.

It is a fool that thinks you can cut down a tree and turn it into printed currency with any value on it you deem worthy.  FIAT ( and so it shall be )

This roller coaster is just leaving the station....heading slowly up hill...tick tick tick...

GLTA 





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