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Bullboard - Stock Discussion Forum Golconda Gold Ltd V.GG

Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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 > Sold
View:
Post by juniorwc on Jun 15, 2022 11:22pm

Sold

I've been a fairly long term holder (~4yrs), I sold all my shares since the last news (Q) update.
Why?
Reverse splits are generally never good for penny stocks
New Mexico mine not operational until 2024!
Believe new financing will occur just after the reverse split

Sure there's a good outlook (story) here but it's a ways off, I believe gold will be taking off (big time) sometime over the next 18 months.  All gold stocks are at very low valuations, hence, there's just better value out there right now.

GLTA
Comment by Aton on Jun 26, 2022 9:59am
Could explain why this low volume stock has gone down then. Lets see next week if we could retake $0.12 to $0.14
Golconda Gold Ltd
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