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Candelaria Mining Corp T.CAN


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

Candelaria Mining Corp. is a Canada-based precious metals focused exploration and mining company. The Company is engaged in two gold projects in Mexico: the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned advanced-exploration stage Caballo Blanco project located in the state of Veracruz. The Pinos Project is situated in the central part of the Mexican Republic, adjacent to the municipality of Pinos, in the south-eastern portion of Zacatecas. The Project is approximately 80 kilometers (kms) west from the city of San Luis Potosi and approximately 140 kms east from Zacatecas, the State capital. It consists of around 3,816 hectares comprising over 29 concessions. The Caballo Blanco Project is situated on the eastern coast of Mexico in the state of Veracruz, around 65 km northwest of the city of Veracruz. It covers over 9,650 hectares (ha) comprising over 14 contiguous mining claims. Its subsidiary is Minera Apolo SA de CV.


TSXV:CAND - Post by User

Comment by thomasriddle75on Aug 08, 2012 12:44pm
256 Views
Post# 20194698

RE: Same Playbook?

RE: Same Playbook?

I wouldn't make too much of this. The AVR deal is for paper anyway, not cash. Big difference IMHO. After the option grant at 0.55 AVr shares dropped into the low 40's, so anyone that wanted to could have picked up shares for substantially lower. This being said, there were signs in the market that "something" was happening with AVR. So far I have not seen any evidence of this whatsoever in CAN's trading since the May 15 massacre. No sharp spikes up, no false alarms, nothing, nada. With Sinotech being the major shareholder of CAN and now another Chinese co potentially getting into the mix, I am not sure a takeover could even be possible. Perhaps you seeing only what you want to see here or this is a very clever attempt at pumping this stock (while appearing to bash management and so forth).

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