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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

Bullboard Posts
Comment by yungcashon Jun 09, 2010 4:24pm
449 Views
Post# 17174389

RE: RE: somebody just bought......................

RE: RE: somebody just bought......................I appreciate the kudos. I have to admit I expected to see 80 cents by next week, not the end of the day! Although in this case I'm happy I was wrong.

I have no special insight into what's going on here. I only said what I said because I have experience with the markets and how institutional clients trade.  We could see some more news soon, we could not. What the 1mm cross does tell us is that there is a large buyer out there that is willing to push the stock up to a level where they find supply. We know the buyer is bigger than the seller, because they were driving the bus and pushing the price higher as opposed to the price trading down to the cross. Expect more buying going forward.

I love this story. The potential is amazing and we're still in the very early stages of this discovery. For those who want to day/short term trade this name, to each his own . Personally, I'm enjoying sitting on the shares I've purchased and waiting for much higher prices.
Bullboard Posts