Golconda Gold Ltd GG

Primary Symbol: V.GG Alternate Symbol(s): GGGOF

Metals & Mining Gold

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.

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Golconda Gold Ltd

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Post by duediligencedoneon May 21, 2014 11:11am

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Post# 22582378

Rob McEwen (founder of t.G) owns 7.8 million shares of v.VAX

... which has bottomed out at 3.5 or 4 cents. I think (Vantex Resources) is a great bottom fish opportunity... especially with Rob McEwen owning over 11 per cent of the company !!!

According to SEDI, Rob McEwen holds 7.8 Million shares of v.VAX. His most recent purchase was 500,000 shares on the open market at 9 cents. He exercised 1.5 million warrants at 15 cents and has bought the bulk of his shares at 25 cents.

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