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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
Post by dsanddson Jan 30, 2009 9:15am
503 Views
Post# 15739670

COMEX

COMEXRecall that at the end of Dec, a large % of contract holders were going to take physical delivery against COMEX contracts, and that this was going to bust COMEX because they didn't have enough physical gold in stock.  I think the delivery % spiked but obviously COMEX is still around.

Now it's end-January and the same expiries apply presumably, is there another rush for physical delivery?  Or has the gap between paper & real gold closed enough to make it less attractive to take delivery?

Any stats/comments appreciated.
Bullboard Posts