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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 Aug 23, 2022 10:27am
313 Views
Post# 34913950

RE:good financials, almost debt free

RE:good financials, almost debt freeReally? How about: When is the name change and ridiculous share consolidation? Price was almost 20 cents a few months ago, before they announced the stupid consolidation..... 1 for 5 brings us up to 35 to 40 cents........How about an announcement to the investment community that they are taking it off the table, and trying to execute first and foremost, getting cash costs down, and improving volumes of ore mined. If they don't and they consolidate the shares, the price will slide down towards present price very quickly......glta
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