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Bullboard - Stock Discussion Forum Commander Resources Ltd V.CMD

Alternate Symbol(s):  CMDRF

Commander Resources Ltd. is a Canada-based exploration company. The Company is engaged in the business of acquisition and exploration of resource properties in Canada and Mexico. Its properties include First Loon, Sabin, October Dome, Henry Lee, Omineca, Burn, South Voisey’s Bay, Pedro, Hammerdown, Flume and Nepisiguit. Its First Loon Property is in northwestern Ontario in the Pickle Lake Gold... see more

TSXV:CMD - Post Discussion

Commander Resources Ltd > tax loss season may drive this much lower
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Post by hisandlos on Nov 22, 2021 10:22am

tax loss season may drive this much lower

Considering that we have such a low float and and that the price per share is considerably down

it will not take much to see a much lower price for this one.   We have about another one month

to go before the year is out and some shareholders will definitely want the tax loss for the year.

You have to figure it will be a number of shareholders who are in this boat and when you 

consider that there just does not seem to be any interest in grass roots exploration companies

at the moment these shareholders if they want their tax loss are going to have to sell much

lower if they want to get rid of their shares.  I expect some volatility in the share price on this

one until tax loss season is done.
Comment by hisandlos on Nov 29, 2021 9:58am
Just as I had predicted that this stock would go down because of tax loss season and a generally weak market in the sector we find it going to .12 cents this morning breaking the floor of .125. The new 52 week low is now leading us to the .09 cent mark which is a very very strong  probability now that the floor has been taken out.   It just seems that December may lead to  more ...more  
Comment by hisandlos on Dec 10, 2021 2:23pm
Good amount of selling going on the last couple of days at lower prices as I have been  saying.   People holding here with another couple of weeks left for taking their capital loss for tax season should see this go down to the single digits.