Candelaria Mining Corp T.CAN

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

Metals & Mining Gold

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

Candelaria Mining Corp > The last two sessions

<< Previous

Bullboard Posts

Next >>

Comment by DirkMottoon Aug 09, 2010 9:32pm

411 Views

Post# 17335901

RE: RE: The last two sessions

There are a couple reason why someone would dump late in the day like that and NONE of them are of any significance whatsoever to longs of Canaco. Perhaps they needed to sell to complete a day-trading session. They may have needed money as they bought another equity late in the day...or, as already suggested, they wanted the sp to continue to be just under $2.00 to allow cheaper buying tomorrow.
But really, who cares? As I plan to start (just the first 25% of my holdings) between $3.00-$4.00, the difference of a couple pennies on quiet days like this hold no significance whatsoever.
Good luck to us all.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments