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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

Post by STVPon Nov 11, 2011 4:28pm
311 Views
Post# 19231240

Conclusion:

Conclusion:TD sold 1.82 million shares at average price of $1.494TD bought 1.5 million shares at average price of $1.498TD in my opinion is the reason for today's price action and has nothing to do with news about Canaco. Those that understand the upside potential of CAN would have been buying today and not panicking like some might have done due to the TD account action.Some other notables:Anonymous bought 381K at 1.456 and sold 611K at 1.486CIBC bought 236K at 1.478 and sold 231K at 1.482Jitney bought 204K at 1.51 and sold 174K at 1.475Draw your own conclusions fromt he above, but to me it's clear that the TD account was the driver for today's move. Over the weekend, many value/long term investors will see the buying opportunity and Monday will be a big up day as today's sell off was base less.
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