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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 goldsoldaton Dec 16, 2004 12:51pm
245 Views
Post# 8323112

GLG Takeover

GLG TakeoverThe following is of course pure speculation, but lets assume the following: Both McEwen and Telfer are honest and highly competent; that according to the rumors (and some posted authority therefor) the GLG offer was known for some time to GG. Why would it not make sense for GG to go to WRM and present the following general idea; that is, GG would make a genuine offer to WRM, which was in the best interest of both sides and which was genuinely intended to go forward, but which was also intended (with or without notifying WRM of the GLG offer)to bind up WRM with GG as a form of "poison pill" to prevent the hostile GLG offer from succeeding? I am not sure how, notwithstanding the language of the GLG offer, it is possible to separate WRM out from GG at this late date. Thoughts? Goldsoldat
Bullboard Posts