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Bullboard - Stock Discussion Forum 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... see more

TSXV:GG - Post Discussion

Golconda Gold Ltd > Trading like a PP coming
View:
Post by Jumpenin on Nov 10, 2021 12:12pm

Trading like a PP coming

Picked up some shares but seen this trading pattern before, and it liooks like a PP coming

Hope I am wrong and it is just Tax selling

Jumpenin
Comment by MacRellen on Nov 10, 2021 2:13pm
You may be right, but I think the high volume may be a sign that a coming PP is not the reason. Since the last days of September, almost 18M shares have been sold, whereas in the three months prior a total of 6M were sold (on the TSX, haven't checked the OTC). If someone is trying to keep price suppressed for a coming PP, they're using quite a bit of shares doing so.
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