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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 taylor1988on Mar 13, 2012 10:11am
228 Views
Post# 19661777

RE: What happened to the volume

RE: What happened to the volume

Maybe all the $1.07, $1.08 and $1.09's were bought so there's less shares available to go around.. not to mention we've confirmed our double bottom so sellers don't have their finger on the sell trigger ready to bail on a $1.07 break. 

 

No question this is going higher.. GWY and CAN were the two steals of this week which have been taken down much harder than the majority of the junior sector.

 

I predict $1.09 low today for CAN if not $1.10 confirming higher lows and I don't think we see sub $1.13 after today.. cheap shares won't last long especially after the double bottom confirmation has held.

 

Nevermind the fact you're paying 60 cents a share for CAN currently after the 52 cents in cash

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