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Commander Resources Ltd V.CMD

Alternate Symbol(s):  CMDRF

Commander Resources Ltd. is a Canadian-focused exploration company. It is in the business of acquisition and exploration of resource properties in Canada and Mexico. Its properties include First Loon, Sabin, October Dome, Henry Lee, Burn, Pedro, and South Voisey’s Bay, and others. The 8,892-hectare (ha) First Loon property in the Pickle Lake Gold Belt is located south and east of the main concentration of past producing mines that include the Pickle Crow, Central Patricia and Dona Lake mines. Its ownership interest on the Sabin base-precious metal property varies from 58.5% to 100%. The October Dome gold-copper property is located in central British Colombia (BC), near the town of Likely. The Company has a 100% interest in the Henry Lee copper project. Henry Lee property is located 140 kilometers (km) north of Smithers in north central British Columbia. Burn property is located about 65 km north of Smithers, BC. Its Pedro claims are located about 100 km from the city of Torreon.


TSXV:CMD - Post by User

Bullboard Posts
Post by cautious36on Oct 16, 2006 11:37am
183 Views
Post# 11508722

Commander

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.
Bullboard Posts