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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 infoseeker99on Sep 21, 2011 10:59am
240 Views
Post# 19065923

RE: short interest posting?

RE: short interest posting?My guess is the selling done now is by retail who have been in this stock from under current prices and are wanting to salvage some profits while they can. Andrew Smith needs to do something to move the process along, adding more labs is a start, maybe add more drills and get the RE out earlier. He has the money in the bank, but I guess as long as they getting  paid. why hurry? They know it will be bought out. they probably intend to shift all staff and expenses to TIG when the time comes, but TIG cannot absord those expenses at this time. so it will get dragged out because they have the cash to do so.  What they dont seem to care about is what is happening to the SP in the meantime.
ALL IMHO
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