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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 thomasriddle75on May 24, 2012 11:27am
214 Views
Post# 19941855

RE: Did management know?

RE: Did management know?

Just wondering, wasn't this the second delay? Originally, we were talking about completion of the 43-101 in late 2011, weren't we not? I didn't think much about it at the time as timing such things is generally impossible in the course of doing business. Delays happen all the time. Given this, I wonder how they were able to know in advance that the report would be completed without any doubts whatsoever on May 15 precisely (and before market open to boot)? If you are correct about the company having advance knowledge, they didn't appear to have capitalized on it, so who knows what the deal is?  IMHO, comments I've read here suggesting the company is deliberately understating the RE seem far fetched bordering on delusional to me. So, one day they plan on upgrading the RE 2x, 3x, 4x....right out of the blue without having done any additional drilling (and hope no one notices or asks any questions)? We're currently trading at 0.30 +/- and have been doing so ever since the news broke. That tells me people may be willing to take a flyer on this simply because they have some cash on the balance sheets, but aren't convinced at this time that is anything more than a corpse that happens to have a few gold fillings.  Eventually, they will have to do something with the cash. Putting everything on permanent life support and have the treasury slowly bleed away for the foreseeable future isn't a solution. Neither is returning the cash to shareholders. No, getting 40 some odd cents back at this stage of the game isn't what I signed up for. IMHO, they may as well toss a Hail Mary and maybe give shareholders one last run for the money. What have they got to lose now?

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