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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 Itcanbeon Apr 29, 2011 12:14pm
289 Views
Post# 18507084

Manipulation?

Manipulation?Can opened up 5 cents today but very quickly a seller from Morgan Stanley swooped in to sell a couple thousand to the lowest bid. Morgan Stanley selling all day. There is somebody at Morgan Stanley who is either unloading a large position today, or they are short and trying to destroy any possibility for Can  momentum today. I suppose it's possible that opening up 5 cents didn't suit their agenda so they immediately sold it down 17 cents and it's never recovered, and now getting cheaper. In a time for Can like this, where it seems no new money wants in, this sort of manipulation seem quite easy to do.
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