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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 Jul 12, 2022 5:08pm
323 Views
Post# 34819183

RE:Share consolidation.

RE:Share consolidation.Management has to come to their senses, and even though they have the authority to consolidate shares structure, in a down market environment, and recesssion fears, hold off for at least 6 months or so. Just because they thought they could get the price much , much , higher before consolidation, it will not happen. Save your bullets, and shoot them when they REALLY count. Now is not the time. You are just wiping out longtime shareholders............for a 40 cent share price..... Time to use your grey matter and make some right calls......
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