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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 ellgaron Feb 09, 2011 6:41pm
466 Views
Post# 18105616

Resistance at the 50 dma

Resistance at the 50 dmaG had unusually good strength for the beating it has taken in the past 6 weeks. Seems like it touched just below the 50 day ma today which is at $43.58, so does that mean it falls back from here or another try to punch through?
  I guess it depends on the POG but does anyone know why it attracted so much strength?

ABX had only half the performance G had in the past 2 days and G still held on pretty good today.
Bullboard Posts