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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 vcrichtradeon Dec 10, 2011 10:34am
469 Views
Post# 19309800

Gold Corp Facts (Read)

Gold Corp Facts (Read)Gold Corp will see movement of 20-50% higher in the coming year as gold bullion rises. Where as juniors and mid-tiers are going to see the biggest gains. Companies such as Barick and Gold corp are fairly valued and tied to the bullion. Where as juniors and mid-tiers have not been. Junior Stocks/Mid-tiers: If you look at the facts without any bias, the share prices should and will be much higher. I like this stock and couldn't agree more with those who see this stock moving higher. I make plenty of money buying stocks like this one when for no acutal reason it has a large drop. Volume is a funny thing, if you buy a stock on low volume it is either extremely low or high. I follow what Roman S. Dubczak, Vice Chairman & Managing Director, Head of Equity Capital Markets has to say about gold and specifically junior/mid-tier stocks. He has said time and time again in the last few weeks that while as a group they have been punished and unjustifiably by the market over reaction and lower volumes in the market; there is no fundemental basis to justify it. He is very bullish for the gold miners and specifically the juniors and mid-level peers as he said "they will have the spotlight as gold continues to strengthen and will see a sharp correction and movement higher in the coming year. The price today is historical and of no geniune significance to where it will be going tomorrow. The Euro crisis may hurt other sectors, however gold miners and producers are going to benefit the most from a weaking of global currencies and from Q3 happening in the US and Q1 happening in Europe. Happy Trading. TOP 5 PICKS:(1) WTG - catalyst recent 150 million financing & update to resource estimates in Q1/2012,(2) CAN - catalyst 3.5 million allocated monthly drilling expenditures and holding over $100 million in cash/debt free, (3) SUE - catalyst bought NSF back and continues drilling to increase reserves, (4) LSG - catalyst drilling and updating resource estimates(5) Detour Gold - catalyst updating their resource estimates
Bullboard Posts