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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

Post by monstapeakeon Jul 27, 2021 9:19am
235 Views
Post# 33609326

Folks seem to want "otta here!"

Folks seem to want "otta here!"Looks today that a new 52 wk low on the horizon.  Of course this could be an opportunity to scoop up cheap shares.  From a trading standpoint the $.12 demarcation is usually a support area and will be achieved with extremely high volume making that moment an impactful time to average down one's acquistion price.  I hold a fair number of shares, but given the future mining developments will be adding more.  GG will boomerang back fast when the price of gold rises well above the $1800 level.  I am convinced the share price will turn the corner soon!  glta, mpke
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