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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

Comment by bailey2on Jan 20, 2021 4:26pm
173 Views
Post# 32336525

RE:RE:RE:RE:Stockhouse interviews Galane CEO Nick Brodie

RE:RE:RE:RE:Stockhouse interviews Galane CEO Nick Brodiei don't think the discount to real value has much to do with the jurisdiction. I have been following Galane for about 6 months on Twitter and they appear to be extremely good corporate citizens and very involved with helping out the communities where they operate. The CEO is very frank as to mistakes he has made over the years, and Galane is one of many gold plays coming from a very bad gold market of a few years ago, and with all of them, when the price of gold increases substantially cash flows and profit margins follow suit. This CEO is always looking for aquisitions but he admits, in many interviews that his experience of the past causes him to be much more prudent as to a purchasing price. As for risks with mining, some mines are in earthquake areas, areas with civil unrest, areas with lack of water, and so forth. Weigh the risks, and decide to buy or not. But for anyone on this board please name another gold producer at a 32 cent price with this much near term potential. i will buy some. glta
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