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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 ilafalot2on Jun 14, 2011 6:08pm
255 Views
Post# 18714968

It's All About Work

It's All About WorkMany years ago I was told by a technical guy that the steepness of a stock's  subsequent ascent was almost directly proportional to the amount of work being done during the consolidation phase.  Say what?

I think he meant that if there was a whole lot of trading done in a narrow range, then the breakout would be accentuated by so-called exhausted sellers.  I would be a spike rather than an upward slope.

In our case, we have had 5 trading sessions since the rumoured tax increase knocked the stuffing out of Tanzanian explorers.  Nearly 5 million shares have changed hands in the $3.45 to $3.70 range.  We tried to rebound after the plunge, but the nervous among us would have no part of it and knocked it back down.  So here we sit 40% below the price on New Year's Eve, with optimists as scarce as the proverbial hen's teeth.

...and I don't have to tell you what happens when everyone feels gloomy.  As for me, not that anybody could care less, I bought a few shares yesterday simply because I could not stand not being part of what I see as an overdue  bounce before the Shareholders Meeting.  As the blind optimist said "We shall see"

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