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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Golconda Gold Ltd. is a Canada-based un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. The Company operates through its wholly owned subsidiary, Galane Gold Mines Ltd., two assets: a producing gold 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 South Africa, and a gold and silver mine and processing infrastructure located in the United States of America (the Summit Property) that is in care and maintenance. The Galaxy gold is situated approximately 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 approximately 58.6 square kilometers (km2) is part of the prolific Barberton Greenstone Belt.


TSXV:GG - Post by User

Bullboard Posts
Comment by Alchemist7on Oct 05, 2006 1:59pm
242 Views
Post# 11467429

RE: Gold now up $8 & g up a whole .20!

RE: Gold now up $8 & g up a whole .20! Fold is not flying high as it was in May, and most gold stocks aren't performing like they were. Gold Corp is taking a bigger hit, and "appears" to be a "crap stock", for more reasons: 1) Goldcorp , being a producer is more sensitive to the product - Gold. 2) Goldcorp is undergoing an unpopular merger (at least to most Goldcorp shareholders). 3) The average Goldcorp shareholder probably can't understand the LONG TERM vision of management for the move. Add up the assets in the combined company and factor in a high gold and silver price and one MIGHT begin to understand. 4) The Whiners and complainers seem to all be in a herd panic mode screaming "the sky is falling" and yelling "sell, sell, sell!" and will most likely miss out on a buying opportunity. IMHO, Now is the time to quietly add to your Goldcorp position. Alchemist7
Bullboard Posts