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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 MacRellenon Dec 07, 2021 8:05am
162 Views
Post# 34205335

RE:Market Share Over Hang

RE:Market Share Over HangThey may have sold those by now. Volume shot up at Sept 29th, and since then 26.5MM shares have been sold on the TSX (compared to 2-4MM shares per month in the months prior). On the OTC 17MM shares have been sold in the same period, whereas the "normal" volume there has been roughly 2MM shares per month. I think this extra volume may be those 24MM shares being sold.
 
I think the sales pattern yesterday looked positive, as the bid side was big, first around 500k shares at 0.115 and later 200k at 0.12. In the past months shares have often been dumped into such bids, but yesterday that didn't happen.

However, there has also been such pauses in selling before, where they have resumed selling after a few days, so maybe they'll resume their selling soon. When they're done, I'm sure price will soon rise, barring any bad news.
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