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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 Itcanbeon Apr 04, 2011 1:12pm
413 Views
Post# 18382221

RE: one more week

RE: one more weekThis morning was classic. The stock opens higher. That was where it wanted to go. That would have been it's natural market direction today had it been allowed to trade freely. But in my opinion, a certain outfit had a pre-arranged massive sale to get through at the agreed price of $4.82 or $4.84 or whatever it was (I saw that trade earlier, but I forget what the exact price was) Now that that sale is done, as long as there aren't more like that to come, the stock is allowed to trade naturally again and is already on its way back up. There is of course always a possibility that nothing was done to bring the price down, or cap the early rise, and that they simply waited for a day like today where the price would naturally fall low enough to get that sale through. And they got 'lucky' today. Yeah, maybe it was a natural occurrence.

However, if it happened intentionally, then I feel for the inexperienced folks who don't understand these situations and instead, get frightened and sell. And of course you will always have the unsavory types who will come here to try to reinforce that fear so that some frightened inexperienced people will dump at wildly discounted prices. Pity.

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