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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Bullboard Posts
Comment by yungcashon Jun 09, 2010 4:24pm
451 Views
Post# 17174389

RE: RE: somebody just bought......................

RE: RE: somebody just bought......................I appreciate the kudos. I have to admit I expected to see 80 cents by next week, not the end of the day! Although in this case I'm happy I was wrong.

I have no special insight into what's going on here. I only said what I said because I have experience with the markets and how institutional clients trade.  We could see some more news soon, we could not. What the 1mm cross does tell us is that there is a large buyer out there that is willing to push the stock up to a level where they find supply. We know the buyer is bigger than the seller, because they were driving the bus and pushing the price higher as opposed to the price trading down to the cross. Expect more buying going forward.

I love this story. The potential is amazing and we're still in the very early stages of this discovery. For those who want to day/short term trade this name, to each his own . Personally, I'm enjoying sitting on the shares I've purchased and waiting for much higher prices.
Bullboard Posts