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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
Post by fivekson Dec 17, 2003 6:24pm
302 Views
Post# 6794726

CEO is no dummy

CEO is no dummy A few weeks ago,MCEwen was talking about turning Gold-Corp into an income Trustfund,he sells all 8 tons of gold for cash and now sold millions of options and all in a rising market.What does that mean?Goldcorp must be sitting on approx.1/2 a billion in cash,IMO,Either Goldcorp will soon buy another mine with good reserves or as smart investor McEwen simply cashed in in what he sees as the top of the cycle.Judging by todays action,a lot of investors did not like the dilution and dumped their shares.Right or wrong,only time will tell,I ignored the warning flags,I am still holding for now.Fiveks.
Bullboard Posts