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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 Mar 20, 2012 2:59pm
301 Views
Post# 19695952

RE: Shorts won the game here...

RE: Shorts won the game here...

If shorts made money it's because they saw something wrong with the company/management/results, that the analysts are now seeing. There has been a lot of money lost in this stock. I guess the only ones who did not lose, because they did not seem to have much "skin in the game" is management. More paydays will pass while the we wait for the RE. If management wants to redeem themselves they will get moving on things like the TSE listing and providing a definitive update as to how they will build shareholder value, who knows a favorable court ruling in the land dispute could help move the stock. Who will buy the stock? is another question. I would doubt we will see any buy and hold investors come into this stock. With every SP move people will either take profits or try and cut loses, depending on what price they bought at. I do agree that the poor markets had an affect on the SP but I also believe lack of confidence in management, and their ability to deliever, also accounted for a fair amount of the drop. I wonder If they ever plan on clearing up the backlog. It seems like a coincidence that the delayed results released lately(last six months worth) are the ones causing analysts to lower their price targets. Its more than odd how the not so good results are usually the ones affected by back logged labs. Were they really back up at all or did they take the slow route to labs and get sent back for re-assaying while there was the hope of finding better results?  ALL IMHO

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