Golconda Gold Ltd V.GG

Galane Gold being accumulated

[Tad]

Solid volume for the first week of 2021,

Defiinitely appears that the stock is being accumulated, investors seeing the undervaluation of the company as it begins to ramp up production at it's second mine.

Selling pressure has eased off this afternoon, no more big seller(s) left ?

With 15 minutes of trading left today, there has been almost 4 million shares change hand in the first week of the year . 

Current depth as of 3:45pm : 

Galane Gold Ltd. (CA:GG)
Size	Bid	Ask	Size
1500	0.275	0.280	21000
10000	0.270	0.285	21000
16000	0.265	0.310	5000
11000	0.255	0.320	12000
141500	0.250	0.330	5000

GLTA !

[merlin991]

Looks ready to blow Tad. Roll out the news. Really mispriced valuation.

[Tad]

merlin991 !! Quite possibly  .... with gold down $65/oz today, Galane shares popped up on 1.9 million shares. Must be one of the larger volume days for Galane in months ... More volume this week alone than the 4 million shares traded for each of the months of November and December 2020. Someone knows something ? GLTA 

[Tad]

Strong start to the week, Heavy volume again this morning, first 45 minutes of trading saw 592,263 shares trade hands, price up to $0.30, a further 11.11% gain in share price. Reminder for all the new investors, Fundamental Research has a fair value target price of $0.64 per share for Galane. https://www.researchfrc.com/wp-content/uploads/2020/12/Galane-Dec-2020-Update.pdf Someone's

[duderguy72]

When does everyone think we'll find out what's happening here? Is it going to keep grinding up or the usual slow trickle back down? GLTA

[TankRebel2012]

March is my prediction for big growth for A lot of these CASH FLOW positive miners   MARCH   Right now little bids and very little volume....  SHAKE & BAKE move this week...  you make the call... this Jr.miner pounding back the cash now...   price rediction 1.40 by 2021 year end...anyone believe this possible?

[duderguy72]

I think maybe .50/.60 but not sure about the 1.40. We need a big leap up but not sure what catalysts could bring it. This one seems like couple steps forward quickly followed by a long creep back.  Hope I'm wrong!!!!

[ardbegoil]

The last time this stock got up to 40 to 50,000 oz and gold was near $2000 Galane traded at $1.80....Mind you that was 10 years ago and $1.80 bought a lot more back then so I think it will go even higher this time and so will gold.....best to all

[TankRebel2012]

With Zero Debt and cost per oz down to 750 .... producing 40-50k yearly. Very possible with Up-listing on the USA exchange and Div quartlery payouts.     100% can happen which if gold rebounds back over 2,100 oz BINGO.

[duderguy72]

Is that possible during '21? Seems like timelines are being pushed back a bit. Wouldn't it be more likely to jump to the .50/.60 range during phase 1 and middle phase 2 for Galaxy... also while they pay off debt. Unlikely they achieve all during '21.... '22 maybe

[ardbegoil]

Everything you may have ever thought of will be possible in 2021....This will probably be the year that changes everything and nobody will be the same after....best to all

[duderguy72]

What do you mean? Please explain.

[ardbegoil]

I remember every gold spike from the 1970's untill now and my calculations plus the rumours floating in cyberspace indicate this run will be the largest in history and be glad you are holding a couple of Galane shares to assist your transition into a new world of finance....Presently the system is bankrupt and gold will be the start of the way out but it won't be iniatiated by our

[duderguy72]

Thank you... I was hoping it was related to the company but thanks for clarifying. Let's hope we hear more soon about the progress made at Galaxy or anything else that could move this stock. I'm really dreading another crawl back down to .20. GLTA

[Tad]

Trading in the last 15 minutes tacked on another ~400,000 shares worth of trading. Total traded on all exchanges was 4,391,918 shares changing hands this week, with a gain of 17.39% in share value from $0.23 at the start of the week to close today at $0.27. Long way to go to get to the $0.64 fair value estimate in the Fundamental Research report pegged at $0.64 per share. Price rise may be an