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Golconda Gold Ltd 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 bullcharton Jul 04, 2016 2:41pm
95 Views
Post# 25020523

RE:RE:RE:RE:Am I missing something?

RE:RE:RE:RE:Am I missing something?Just going through the news releases on this one since 2011. I think we may be onto something here. They had a few losses in 2015 but that is understandable with the price of gold. They had some pretty good quarters in 2014 but where I took notice was their production and where that production is located. Today is the biggest volume ever on this with the US market closed. It will be interesting to watch what happens to the US GGGOF tomorrow. I was thinking $0.13 was a bit of a pipe dream today, but the move in early 2014 ran all the way to $0.29 on far less volume than what we are getting today. 2016 High is broken so now we can work on the 2015 High.
Bullboard Posts