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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 DoubleManon Sep 18, 2008 4:28pm
292 Views
Post# 15467887

RE: What the #$%@?

RE: What the #$%@?The FTSE over in England has banned shorting of financial stocks until January and it would appear the US and others will follow like lambs to the slaughter.....also the SEC  in the US is investigating that some brokerages were purposely advising negative sentiment to further downgrade financials...really...

Not  happy about this whole mess....the US financials are in their "carnaged" state as a result of greed and negligence....gold was seen as a safe haven....but now with shorting limited in the financials....this may change..

I still maintain that the POG will head upward to 1000.00 as $billions of unrecoverable money has been lost in the marketplace....
Bullboard Posts