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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 infoseeker99on Mar 08, 2012 9:34am
319 Views
Post# 19642541

PDAC

PDAC

In talking with someone who was at PDAC, and while they were at a base metals booth the subject of CAN came up and the person suggested there was a rumour/buzz circulating at PDAC that CAN could be a Chinese pump. I would suggest that this is not to be taken as reilable, but if such a rumour/buzz were circulating (whether true or not) during PDAC it could possibly explain why the SP got hit during the show. I put myself in the "stupid for not selling earlier" category with Kensin. I hope the 43-101 comes out showing good results and the company announces a new zone or great deep results. There have certainly been a lot of "red flags" along the way, such as, broken promises, lack of consistent drill results, lack of insider buying, which is the most troubling, since there is the possibility that they may believe the stock is not worth buying into even at the near year lows. Yes someone could use the argument, why buy when you have cheap options, but I have seen many promising juniors where insiders buy even though they have options. Add to those a geologist who hits the sell button shortly after he recommends buy and visits the property, but won't publicly give his reasons for doing so when he is on a show to give such opinions. The lack of the TSX listing is troublesome as well. What is the real reason that they don't have it as yet? Does the court case factor in to the lack of listing or SP decline. Good or bad some of these questions should be asnwered by the end of the month and I am hoping things work out for the good. ALL IMHO 

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