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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 vinoconundrumon Oct 18, 2008 1:09pm
425 Views
Post# 15533550

RE: RE: G going to POP UP FAST!

RE: RE: G going to POP UP FAST!actually gold is doing very well if you bought it with par CDN$. holding at $924 sell and $990 buy on Friday. That huge spread is an indication of just how much buying pressure there is on physical right now. Dealers are looking for insurance due to the crooked bullion banks. COMEX has bocome laughable and simply puppets being played by the creators of fiat. Nothings changed, more billions will have to be created and pumped into the system to gloss over the trillions in junk that will be exposed over the next 6 months. Not hard to spot the talking heads on TV anymore, there the ones with the brown noses. Either read the script or jion the people that used to be bank employees - kind of limits their choices.
November 10th could be a wild day for gold and high quality gold shares like G. Until then I guess we can expect the hammering of gold related investments to continue.
Bullboard Posts