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Golconda Gold Ltd 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

Comment by bailey2on Apr 29, 2021 11:17am
158 Views
Post# 33090981

RE:RE:4,5 Million Us Dollar net earning is fantastic

RE:RE:4,5 Million Us Dollar net earning is fantastic Some shareholders are really angry at the dilution, of shares. They figure it will be stuck in neutral for quite a while and there are better opportunites elsewhere. What is the timeline for any information regarding start-up in New Mexico, since it is the purchase of a distressed asset? Were any q1 production numbers given on the latest news release at Mupane and Galaxy?  Jan to March? Maybe I missed it? Sure looks real bad to shareholders like myself, when the stock is trending between 27 and over 30 cents, and then they announce a financing at 22 cents. Hurts every shareholder right up the Wazoo. Management still gets paid. imho
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