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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

Post by Sunflyer11on Sep 30, 2010 2:13pm
401 Views
Post# 17513199

Flash crash like trading....

Flash crash like trading.........has been evident in many stocks--atc, can kam--- I own and it seems to relate to the fact that not many shares are in play.  Thus when a big guy dumps 50000 shares, it drives the price down 10%--thats all there is to it.  Usually good buying opportunities--with a word of caution--gold may be rolling over. From here only those with great drill results will move--can is one of them.


Also, the market is up 5% this month on very lower volume---dangerous-- when sellers come in.  Finally, I predict selling starts in earnest Oct. 1 as brokers/ mutuals are going to use this quarterly stats to sell into the RRSP season.

This is a bit of a scam as this months rally is a false rally--helped by short covering.

Sunflyer
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