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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 thomasriddle75on Feb 14, 2013 1:51pm
273 Views
Post# 20989800

RE: RE: House

RE: RE: House

ontheroad:

I've been looking at this too. While anonymous was a net buyer of 9.33M shares, a handful of trading houses (27,145,79,7,111) were net sellers of 9.11M shares during the same time period. IMHO, this stock has basically been shrouded in mystery ever since the May 2012 massacre, so who knows what any of this really means, if anything? Having said this, it does appear to me that traders are fading the Jan 21 drill results, which (imho) could have been known to some who were buying with both hands the week earlier. With volume now contracting and the precious metals complex as a whole looking especially vulnerable, I'd say this has a good chance of retesting both the 50 and 200 day MA's prior to the month end special meeting. Following this, there could be a great trading opportunity for those that are sharp enough to figure out how this reorganization is supposed to play itself out.

 

 

 

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