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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 ANBCAon Nov 11, 2011 6:36pm
293 Views
Post# 19231474

RE: My theory/ TAX LOSS

RE: My theory/ TAX LOSSPeople are taking their tax loss early and many have a good sum to take.  This has been a sore spot in many portfolios for over a year now and so why not.  No one expects the 43-101 or any other material news until the New Year and so we see selling pressure. 

Even at these volumes I believe it's mostly retail investors dumping shares.  If I'm correct the share price will likely rebound soon and trade with a decreased float.  It is very possible these shares are being accumulated by those who plan to hold.

Just my perspective.  I hope there isn't anything else here that we've not been told.  That is my take.

Do your own DD,

GLTA

A
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