Less than a month ago on the day the Secretary of Economic Development in Veracruz, Mexico, told the world that mining operations would not be permitted in Veracruz, Candelaria Mining (CAND.v) was a 94c stock. Since then CAND.v has also withdrawn its permitting applications due to “...the current political climate and upcoming state and federal elections“. So cute. Today CAND.v is priced at 62c (there’s a chunk of 65c at the ask if you really really want it), i.e. it’s dropped 34% in four weeks.
How shareholders of Almadex (AMZ.v) can believe that think the current state of affairs in Veracruz only applies to CAND.v and not to them is beyond my ken.