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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 infoseeker99on Sep 21, 2011 10:59am
245 Views
Post# 19065923

RE: short interest posting?

RE: short interest posting?My guess is the selling done now is by retail who have been in this stock from under current prices and are wanting to salvage some profits while they can. Andrew Smith needs to do something to move the process along, adding more labs is a start, maybe add more drills and get the RE out earlier. He has the money in the bank, but I guess as long as they getting  paid. why hurry? They know it will be bought out. they probably intend to shift all staff and expenses to TIG when the time comes, but TIG cannot absord those expenses at this time. so it will get dragged out because they have the cash to do so.  What they dont seem to care about is what is happening to the SP in the meantime.
ALL IMHO
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