Bullboard - Stock Discussion Forum Commander Resources Ltd V.CMD

Alternate Symbol(s): CMDRF

Metals & Mining Industrial Metals & Minerals

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... see more

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Commander Resources Ltd > Freeport has now Given up on Commanders 1 Active Proejct

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Post by schocor on Aug 28, 2024 12:25pm

Freeport has now Given up on Commanders 1 Active Proejct

Freeport announced today that they have given up their 75% intrest at the Burn proejct. COmmander now owns 100% of a project rejected by a major after spending $4.7 million there to earn in.

SO what does commander have now? They have about $4.7 millino in cash (11-11.5 cents per share), zero active projects and an entrenched management team that nobody will with with (Commander, fireweed, Lundin) needs to be kicked out ASAP.

There is a takeup offer at .09 on Sept 8th by the largest shareholder Fruchtexpress. If that doesnt work, I will look to be involved in a procy fight to elect a new slate of directors at a special meeitng or the AGM.

Bad managers using OUR money for a do nothing lifestyle company with no active projects is about as sitation as a sharehodler can find themselves in. Lets kick these bums out beore they spend all out cash and we are left with NOTHING.