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Golconda Gold Ltd 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.


TSXV:GG - Post by User

Golconda Gold Ltd > Short term down but very good for longer...
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Comment by merlin991on Mar 16, 2021 5:28pm
177 Views
Post# 32810299

RE:Short term down but very good for longer...

RE:Short term down but very good for longer...Second look. 

It's a poor deal. Why dilute at the bottom of the market. The resource is small for the price

Additionally it puts a question on Galane progress. If very good news is coming why not wait for the price to respond.

This puts a large question mark on management and the optics of this deal.
Can't guess but I think Mr. Market says thumbs down.
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