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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 Mar 20, 2012 2:59pm
303 Views
Post# 19695952

RE: Shorts won the game here...

RE: Shorts won the game here...

If shorts made money it's because they saw something wrong with the company/management/results, that the analysts are now seeing. There has been a lot of money lost in this stock. I guess the only ones who did not lose, because they did not seem to have much "skin in the game" is management. More paydays will pass while the we wait for the RE. If management wants to redeem themselves they will get moving on things like the TSE listing and providing a definitive update as to how they will build shareholder value, who knows a favorable court ruling in the land dispute could help move the stock. Who will buy the stock? is another question. I would doubt we will see any buy and hold investors come into this stock. With every SP move people will either take profits or try and cut loses, depending on what price they bought at. I do agree that the poor markets had an affect on the SP but I also believe lack of confidence in management, and their ability to deliever, also accounted for a fair amount of the drop. I wonder If they ever plan on clearing up the backlog. It seems like a coincidence that the delayed results released lately(last six months worth) are the ones causing analysts to lower their price targets. Its more than odd how the not so good results are usually the ones affected by back logged labs. Were they really back up at all or did they take the slow route to labs and get sent back for re-assaying while there was the hope of finding better results?  ALL IMHO

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