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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 gegoldenboyon Apr 02, 2005 12:06am
326 Views
Post# 8849902

Anyone Know Whether G Can Buy

Anyone Know Whether G Can Buyshares of wrm or the warrants on the open market. Could this be part of the G short position? ie- G shorts their own stock and buys the wrm and wrts until end of trading on April 15. Then they issue new shares only for what ever they have not yet bought. They had to issue about 82% of the wrm share base, not including wrts. Therefore, from memory I believe that leaves about 80 million shares worth over $400 million. thoughts?????????????
Bullboard Posts