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Desert Mountain Energy Corp. (DME.V)
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Well 3 hearing
Nice management support....go team go
more well drilling, plant production coming in 6-12 months and with some re-assignment to the BoD we could see a nasdaq listing happen sometime next spring/summer.
Both short term and long term catalysts on the horizon. One well result did drop this to 2.50 (although I feel like the market overreacted, but that’s just my opinion), but at the same time one well made this bad boy jump. Arizona is rich helium and I’m confident that we will find more good discoveries as we continue to explore.
Not to mention once we start selling well 4 and such we will see the juicy profits roll in and have more of a foundation for our financials
Guess some have had enough
Well, I thought buying C$2.54 was a genius move, then I bought more @ C$2.51 and I thought this was the trade of the year... and now I'm seeing C$2.37. I think I'll pass this time :-D
I'm back for more shares sub $CAD2.60, currently have an order slowly filling @ $2.54. May this stock jump back above $3 soon. GLTA.
Updates should be coming soon.
***RED ALERT ***
This ship is sinking. Abandon now or perish......
Management should have come up with a clarification/update today if they wanted to save this ship.
I'm really confused about buying and selling rules in Canada within a TFSA. Am I able to sell a stock and buy back in a few days later without consequence one or 2 times within a few months?
Once DME starts producing, will they be paying dividends?
Will be down the next days, I sold this scam stock
Yup Don the pump mosher ain’t a good representative.
Corporate Meeting from yesterday
I got lucky to be able to buy back @ C2.80 this morning after it sky rocketed to C3.10 a few days ago. I got some powder to add lower if we're lucky enough to see sub 2.60 again...
Updated investor presentation from DME.
PLAN TO PRODUCTION
- Drill Wells #5, 6 & 7 in McCauley Field
- Acquire a processing facility estimated cost between $4.5 m and $6.5 m
- Production from 4 wells in the McCauley Field late Q1 or early Q2 (2022)
- Drilling Gunner Dome Prospect wild cat well
- Drill 2 or 3 off setting wells in the Rohlfing Field
- Production for 4 to 5 wells in the Rohlfing Field starting Q4 2022 or Q1 2023
- Bring on 60 to 70 new wells over a 5 year period
While it seems the plan has been delayed and I think that is what is causing this drop, the value of the gas will still be there and when they do start production/selling we will see the contracts they land have a huge boost on the SP.
Picked up 15,000 shares at an average of $2.46 yesterday and today. DME has a very positive future ahead of it under a very able and experienced CEO. Zero risk at this level with a 100% gain possibility over next 3-4 weeks.
Previous post with link got removed, but there is a new interview with dme on the stock house site
Well, I pretty much "bet the farm" @ C2.30. Worse case I'll be flipping burgers when I'm 70 but it's really not so bad compared to cleaning pub toilets.
Does anyone know why the sell off?
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