CommanderNegatives affecting Commanders share price
1. Approx 14 million shares from May financing became free trading mid Sept., all currently in the money.
2. Approx. 13 million option and warrants all currently in the money creating a significant overhang to the market.
3. General market sentiment. Going into Sept there was significant optimism built up for resource stocks. As usual this created a perfect opportunity for the market to get hammered. This brings us now directly into tax loss selling season.
4. Initial disappointment over Baffin Island results.
Positives
1. Although the current field program at Hermitage is complete, there are still many samples yet to be released. News of a new winter program should be out fairly soon.
2. Although a long shot, there is still the possibility of a discovery by Teck on the Tam-Misty property in which Commander hold a 10 % carried interest.
3. Despinassay , although not a key for Commander will probably be dilled again this winter by Alto. It has held surprises in the past, and could in the future. There could still be some new JV’s on other advanced projects currently dormant.
4. Most likely the best Baffin results yet to come.
5. Approx 13 million options and warrants all currently in the money creating the potential for significant cash flow to the treasury.
6. General market sentiment. With the current negative sentiment for resource stocks, the market could easily surprise to the upside.