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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 wavepsycheon Apr 13, 2013 2:43pm
214 Views
Post# 21250879

RE: RE: Goldman Sux is buying

RE: RE: Goldman Sux is buying

Diesel11 - Fundamentals have not changed (e.g., central bank printing, unemployment)  ...

https://www.streetsmartreport.com/Forget%20About%20The%20Fed%20Dialing%20Back%20QE3%20-%20Buy%20Bonds.html

but we will need an EXTREME washout before 'safe haven' sentiment can begin to bottom and repair itself.

John Kaiser: Get Ready for a Washout in Gold Stocks
https://www.financialsense.com/contributors/fs-staff/john-kaiser-get-ready-washout-gold-stocks

If G's earnings report can prove that it is profitable sub-$1500 then that will be a start. Meanwhile, technicals need to improve ...

Why gold and silver are in the dumps
https://www.marketwatch.com/story/why-gold-and-silver-are-in-the-dumps-2013-04-11

This Past Week in Gold
https://www.safehaven.com/article/29479/this-past-week-in-gold

PMs may have to endure a secular 'house of pain' that will hit a crescendo around June.
That said, I think there will be a significant swing trade opportunity after some base building is evident. glta

 

Bullboard Posts