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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 May 09, 2012 8:56am
209 Views
Post# 19888481

RE: RE: Earlier post

RE: RE: Earlier post

Ringer, Yes I still own CAN shares, but as I have indicated in PM's to other board members, I have been selling down my position (sold half of 100K+ shares) I did support this stock in the past, when they put out "glowing" results, which by the way seems to be part of the problem they have with the BCSC in describing the results in positive terms and then saying they were not material. However as time went by too many red flags went up and I merely questioned how the company was being run. Given todays release, I think my questions were fairly accurate. The list of red flags is long, some of which are results that were delayed. Randy Smallwood resigning from the board while at the same time staying on at TIG and CAP. Many seemingly missed deadlines by management. Seemingly Inconsistent anwers given by IR. Brent Cooks sudden dropping of CAN. Thom Calandara's comments. Remember Thom Calandara was also positive on CAN early and changed his mind as time went on.  I still hold shares and look forward to a hopefully enhanced BCSC investigation. ALL IMHO

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