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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 ziggy19on Aug 16, 2005 12:00pm
381 Views
Post# 9416857

RE: What the Hell???

RE: What the Hell???my opinion for what its worth, earnings were higher because they sold gold they had in storage, that gold was in storage becuase the company was bullish that gold prices would be higher in the future and it turns out they were correct but by selling off gold in storage does that mean they think prices have topped plus would they have met expectations had they not sold off storage and what is left in storage? i`m holding because i feel gold prices will be higher going forward and if your gonna own a gold producer why not own the one with the lowest production cost.
Bullboard Posts