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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 STVPon Nov 11, 2011 4:28pm
314 Views
Post# 19231240

Conclusion:

Conclusion:TD sold 1.82 million shares at average price of $1.494TD bought 1.5 million shares at average price of $1.498TD in my opinion is the reason for today's price action and has nothing to do with news about Canaco. Those that understand the upside potential of CAN would have been buying today and not panicking like some might have done due to the TD account action.Some other notables:Anonymous bought 381K at 1.456 and sold 611K at 1.486CIBC bought 236K at 1.478 and sold 231K at 1.482Jitney bought 204K at 1.51 and sold 174K at 1.475Draw your own conclusions fromt he above, but to me it's clear that the TD account was the driver for today's move. Over the weekend, many value/long term investors will see the buying opportunity and Monday will be a big up day as today's sell off was base less.
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