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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

Comment by bullwhip29on Sep 28, 2010 10:46am
267 Views
Post# 17500744

RE: Something is up...

RE: Something is up...There is usually all sorts of hot money chasing these types of stocks. It looked like some stop loss orders/margin calls  were triggered yesterday and those trades settle on Sept 30. The accumulation/trading pattern that immediately followed was unusual. This morning a smaller, second wave of flippers (who bought on yesterday's dip) dumped in the first 15-20 minutes when it became clear the stock wasn't going to gap up immediately on the open. I guess we'll see if this was just a poorly thought out knee jerk reaction as stock is now in the green. Maybe this "tree shaking" was by design (if so, it's a brilliant move) or perhaps it's nothing more than the usual markets forces in play, which would suggest the next ride up could be more challenging. We'll see I guess...jury's still out for at least another day or so.
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