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Golconda Gold Ltd 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 403xyz1on Nov 26, 2009 8:55am
602 Views
Post# 16525660

You should tender as it costs nothing

You should tender as it costs nothinga) You want to ensure the deal goes through...if it doesn't we'll have a 5 cent stock again and forever as the current management is not up to the job (look at what they did do...continued dilution and falling shareprice).

b) AMC management have been around the game a long time, so your GG converted to APM will give you a chance to actually make $$ on your original GG investment.

c) If you tender and a better offer comes along before the deadline (highly unlikely IMO) then your shares can be withdrawn and tendered to the better bid (in fact I think it's automatic).

This is a no brainer!
Bullboard Posts