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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 brial16on Oct 05, 2011 5:02pm
216 Views
Post# 19123018

RE: RE: RE: Oh lord, what do we do now?

RE: RE: RE: Oh lord, what do we do now?Obviously you are hurting big time over your losses. Sorry to see that. For myself I started accumulating over a year ago when CAN was around $1.90 and continued to buy occasionally on the way up until it hit $6 and accumulated a few more on the way back down to where we are now. So I will wait until it goes back up - and I beleive it will. Patience is our best asset in times like these. So far I haven't lost a penny on CAN, because I haven't sold any. I am looking forward to how things may look several months from now and if neccesary even a couple years from now. I saw on Yahoo Finance that they have a one year target price of 7.75. for CAN. That would be nice.

Warren Buffett said "The stock market is designed to transfer money from the active to the patient."

I intend to remain patient.

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