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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 ternovon Jun 14, 2011 5:16pm
222 Views
Post# 18714759

RE: Good day

RE: Good dayYes, there could be a rally over the next two weeks (size and duration are unknown) for the following reasons:

- Short sellers will likely cover unless they want to be short the spinout too (this won't stop some people, however, and regulatory enforcement is lax to say the least). Given that this will occur at month end/qtr end, I'd guess most traders will opt to be flat.

- Some will see the current dip as a buying opportunity with a possible added bonus. If a trader was to play his cards right, he could get long a whole bunch of CAN stock in this price range knowing that much of the downside risk has already been removed (just a guess) then sell some/all of the CAN shares out following the spin off hopefully at a price >= to his cost and get free Tigray shares in return.

- The TSXV (in addition to other indices) has already had a 20%+ correction. I, for one, wouldn't short gold miners at these levels. A few days ago (while in Vanc), analysts like J Kaiser were talking about the current pullback being a great buying opportunity.

- Some also see opportunities in Africa:
https://www.theglobeandmail.com/globe-investor/markets/markets-blog/soros-out-of-china/article2060157/





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