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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 GolfGuy69on Oct 06, 2010 7:00am
570 Views
Post# 17533551

RE: RE: RE: If it doesn't rally today

RE: RE: RE: If it doesn't rally todayWe are in a poker game. Understand this is not a normal poker game. This game is rigged, rigged by the US Fed. The Fed has the majority of the chips, they are in a position of strength. They think they hold all the "quality" cards and they are trying to get all the other players who hold cards to fold or get off the hand.
My homework tells me holding "G" here is the prudent move. It is my opinion the Fed has been buying up all quality miners. With all the currency devaluation going on, you either own gold above ground or you own gold below ground and get ready for the revaluation. Cheers  
Bullboard Posts