Golconda Gold Ltd. (GGGOF)

[kairos]

NITE with a 500k bid at .0575 ...

[SPARK]

Hey bud..looks like easy money at these prices..been nibbling~

[kairos]

Good read ... Definitely time to pick some metal stocks. I like GGGOF also

[SPARK]

$GGGOF - As Gold Prices Rise, Pay Attention to Galane Gold Ltd - https://midasletter.com/2019/08/as-gold-prices-rise-pay-attention-to-galane-gold-ltd-cvegg/

[the cork]

Great day, closed at (.064) Today saw 84 trades totaling 1,357,255 shares traded, 95.7 % buys, 2.8% sells, per IHUB Streamer. Ended the day up 30.9% on the US side.

ON the TSX, the volume was 4,163,548 up 54.5% on the day.

I don't know..why the sudden interest today other than it has been grossly undervalued (for a 50,000 ounce per year producer) for the last month as the gold price shot from 1380 to almost $1540. Every other producer has seen tremendous appreciation, so I think Galane is just now catching up

I don't have the averages for TSX index, but the company did issue a statement:


Galane Gold Ltd. Comments on Market Activity

TORONTO, Aug. 14, 2019 (GLOBE NEWSWIRE) -- Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is responding to a request from the Investment Industry Regulatory Organization of Canada, following the trading activity occurring today in its common shares. The Company is not aware of any corporate developments or other reason for the recent increase in market activity.

About Galane Gold

Galane Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa. Galane Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQB under the symbol “GGGOF”.

Galane Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Galane Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:

Nick Brodie
CEO, Galane Gold Ltd.
+ 44 7905 089878
[e-mail]
www.GalaneGold.com

[the cork]

I was trying to get sneaky about it LoL! All the better known "mainstream" miners get smashed every time the gold price gets smashed.

When nobody had heard of these guys, they were immune from the daily fluctuations.

Now they are gonna be like the rest of 'em, but glad we got in when we did!

[kairos]

i took your word for that, lol, and so far paying nicely :). Looks like you were one of the first to discover Galane but also looks like word is spreading. L2 suggests to me some real $ interest ... time will tell

[the cork]

GGGOF has been the best deal in the gold sector for almost 2 months. I don't know where anybody is gonna find another 50,000 ounce per year gold producer for the 3 cents it was trading at when I first found it.

I don't know what spurred the volume today, but 2nd quarter earnings should be out soon. That should give us another nice bump !

[kairos]

Nice vollume too. ARCA showing 400k on the .0694 ask right now ... could get interesting if that falls ... great find here 'the cork'!

[the cork]

GGGOF Up 40.5% according to IHUB Streamer !

Great day for Galane !

[kairos]

Nice action here lately ... GGGOF

[the cork]

GGGOF Galane Gold (.037) Best deal in the gold sector right now.

Gold up a hundred bucks since June from 1380 to almost 1480 and this little booger is down a cent LoL!

50,000 ounce x year gold producer.

All the better known producers are already up 30-50%. No "deals" there.

THIS GUY is an easy double just sitting there saying … "Pluck me ~ Pluck me."

Website: http://www.galanegold.com/
Pink Sheets: https://www.otcmarkets.com/stock/GGGOF/overview
IHUB: https://investorshub.advfn.com/Galane-Gold-GGGOF-36969/
TSX (as GG) https://web.tmxmoney.com/quote.php?qm_symbol=gg

[the cork]

Same here. Out of dry powder 'till after the first. Hopefully she'll stay slow until then.

One nice thing about a thinly traded stock is it doesn't react immediately to changes in the gold price.

Kind of insulates it both ways.

[kairos]

i got a few 03996 average ... i will add when some action starts to hit here ...

[the cork]

Lucky dog LoL! I tried for over a week to get in under .04 and the SOB MM's wouldn't let me in. Finally just bit the bullet.

End of month Fed rate cut should take care of everything!

[kairos]

well looks like one investor grabbed about 20k$ worth of shares ...

https://ih.advfn.com/stock-market/USOTC/galane-gold-gm-GGGOF/trades

[the cork]

Looks like 8 trades totaling 502,500 all buys according to the streamer tool.

This is so thinly traded, some days there are no sales at all !

Put some momentum behind it and we'll soar.

[kairos]

somebody's 500k share order got filled in-between the bid/ask ...

[the cork]

(.0391) 100% buys today on over 500,000 shares traded.

[the cork]

(.046) Mighty Midget ! 50,000 ounce x year gold producer.

Unheard of Thinly traded producer ~ All she needs to fly is volume.

Should be easy to run it up to actual value.

Website: http://www.galanegold.com/
Pink Sheets: https://www.otcmarkets.com/stock/GGGOF/overview
IHUB: https://investorshub.advfn.com/Galane-Gold-GGGOF-36969/
TSX (as GG) https://web.tmxmoney.com/quote.php?qm_symbol=gg

[the cork]

All she needs is volume. Once the word gets out Galane takes off big time.

[the cork]

.04 PRODUCING GOLD Miner - 50,000 ounces per year

[the cork]

Galane's two mills are located in Barberton South Africa and Francistown Botswana, and are approximately 500 miles apart.

https://www.google.com/maps/dir/barberton+south+africa/francistown+botswana/@-20.3626734,24.9079608,4.46z/data=!4m13!4m12!1m5!1m1!1s0x1ee8f8741a98c6c5:0x5075e6ff53193066!2m2!1d31.0449768!2d-25.7752265!1m5!1m1!1s0x1eb46883156e55a3:0x18db953a74373104!2m2!1d27.5143603!2d-21.1661005

[the cork]

GGGOF Galane Gold (.045) - is an un-hedged gold producer and explorer with mining operations and exploration tenements in Botswana and South Africa.

Currently producing approximately 44,000 gold ounces per year between two mills at a combined operating average processing cost of about $850 per ounce, with another 16,000 additional gold ounces anticipated for 2020 as Galaxy realizes full production.

They've got a lot of shares out there (200 million) but it appears the infrastructure is built out and producing. The jurisdiction is relatively risky but reflected in the PPS.

Relatively short mine life, but they are addressing that with drilling programs designed to extend mine life and increase the proven and inferred reserves.

The “Galaxy Technical Report” is not a Feasibility Study, however it does meet the requirements of a pre-feasibility study.


Website: http://www.galanegold.com/
Pink Sheets: https://www.otcmarkets.com/stock/GGGOF/overview
IHUB: https://investorshub.advfn.com/Galane-Gold-GGGOF-36969/
TSX (as GG) https://web.tmxmoney.com/quote.php?qm_symbol=gg

[fatman2442]

Site Tour - this junior has 2 operating mines, not just looking for gold through exploration...

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