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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 > Ambulance chasing at it's finest!
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Post by Buckwheat55 on Mar 07, 2024 5:00pm

Ambulance chasing at it's finest!

I've been in and out of CMD for close to 20 years.....To me excepting a hostile .09 takeover bid at this time would be like selling everything at the lows after the 2008/09 crash.
 CMD has made it through all sorts of calamity over the last 20 years and survived.
 Right now many juniors seem to be coming back to life and the metals are having a decent surge.
I can't ever remember CMD sitting on this much cash and they still have a few decent prospects, plus a very low float for a junior.
IMHO, FruchtExpress is just trying to rattle management knowing full well that the juniors are about to have their day after a long sleep.
 Bottomline these juniors are a complete gamble and I'm personally not about to agree to a deal that doesnt even acknowledge the cash on hand.
 You've got a $100 bill in your hand and someone offers you $70 for it. Are you gonna take it??
If you are your shouldn't be playing these stocks.

 Good luck all!
Comment by schocor on Mar 07, 2024 6:12pm
As a large shareholder, I hope we find another offer. The market for these assets is not robust, and the actual assets commander has to sell are not attractive (yet). Taking this out for cash might seem silly and too low an offer, but yuo need to rememebr that the comapny has 1> Cash burn of $500k a year in corporate costs 2> A liability to fund 25% of brun project.  If the new buyer ...more  
Comment by VicSmith2018 on Apr 03, 2024 11:29am
Anything that the grocery guys buy screws up. Actually they screw it up. They are finding out the hard way. How do you make a million in the junior exploration markets? Start with $5 million. Take TMIN private so you dont have to deal with Canadians who have no idea how the jr exploration business works and play in your own sandbox in Norway
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