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Golconda Gold Ltd GG


Primary Symbol: 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

Bullboard Posts
Comment by krakowon Apr 05, 2001 4:50pm
185 Views
Post# 3574500

RE: next one

RE: next oneAs far as your advise goes, thanks, but no thanks. It will take long time before MAE will move up substantially. It's not around the corner. In the mean time we prefer to stay with one of the richest deposits in the World. Can you just imagine if the price of gold goes to $300 - $320 range, (which many analysts predict) what it will do for the price of Goldcorp shares? Not dealing with the possibility of a takeover bid, which would be above present price range. I do not see evidence of market reacting badly today to what you call "Old News". To give up $0,20 after a strong run up it's not bad and beside that price of Gold did nothing today, leasing rates are down as well. When the time comes for serious money buying MAE perhaps than. In the mean to stay with Goldcorp is much better investment decission.
Bullboard Posts