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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

Comment by bullcharton Feb 26, 2016 8:40am
248 Views
Post# 24597776

RE:RE:RE:NEWS- Goldcorp Reports Fourth Quarter 2015 Results

RE:RE:RE:NEWS- Goldcorp Reports Fourth Quarter 2015 ResultsYes,  a couple positive points. But a few cents on a div a month will not hold investors in this sector unless there is a total shift in the sector. I liken this move from 13.55 over 6 weeks to the move over 6 weeks dec 2014 from 19.80 to 30.88. A yearly cycle in an oversold condition. Having said that, pulling up 5 yr charts on the index on AEM, ABX,  DGC, along with the silvers, indicate most are ready to change direction to a further upside if Gold decides to break out and breech the 2012-2014 down channal of 1307, 1345 and 1433. Not convinced yet this is not only a yearly oversold reaction lifting all boats ( some a bit more than others ). With countries selling off gold reserves and plain old gold manipulation, my caution flag is out over the next 2 weeks at the very least where 6 weeks of gains can be lost in 1 or 2 weeks. 
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