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Golconda Gold Ltd GG


Primary Symbol: V.GG Alternate Symbol(s):  GGGOF

Metals & Mining Gold
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

Golconda Gold Ltd
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(21)
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Post by goldsoldaton Dec 18, 2004 4:06am
438 Views
Post# 8331750

Re: Why is GLG Going Up etc.

Re: Why is GLG Going Up etc.Well, in addition to the valid comments previously posted, it is because the present gold share market is, and has been during 2004, what can only be said to be "sad and squirrely". For example, I have had 4 consecutive days this week with very good news released by 4 different stocks I own, one each on each day. Minera Andes, t.mai, with very large extent of bonanza silver (and gold) grades in South America (stock is up only 10% since release); American Bonanza, v.bza, with very good drill results (stock is up only approx. 5% since release); Goldcorp, t.g, with the GLG hostile takeover (stock is up only approx. 10% since release); Silverado, SLGLF (yes, I know the history and prior bad press - no flames please), with new patented liquid coal breakthrough (stock is up only 2&1/2 cents since release Friday). Maybe I should change my brand of coffee. Goldsoldat.
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