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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Post by mephistopheles93on May 16, 2012 2:16pm
326 Views
Post# 19916810

$crew this, I am out

$crew this, I am out

It will probably go up now that I sold, but I would rather take the hit and buy something I believe in. I feel that management has no honor or integrity, and the more I look at this the more it looks like a pump and dump. Where have they been lately? Hiding like shameful cowards with their tails between their legs. Yes there is gold here, but the geology is very complex and it won't be easy or cheap to mine. In my opinion management deliberately misled the market as that BNN interview of Mr.Smith demonstrates. The only saving grace is the cash on hand, but do you think these guys are going to do what's best for shareholders? I doubt it. They will likely suck what's left out of Canaco's rotting carcass and retire even richer. If they thought The securities commission had it in for them before, they haven't seen anyting yet. Best of luck to all who got suckered by CONaco managementlike me. Time to move on.

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