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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company. The Company primarily focused on exploration, development and production of helium, hydrogen and noble gases. The Company holds properties under lease for helium, oil and natural gas in the Holbrook Basin of Northern Arizona. The Holbrook Basin Helium Project comprises +1000,000 acres of key Helium prospects under lease. Located in the prolific Holbrook Basin in Northeast Arizona. Its secondary focus is developing hydrogen assets in the McCauley Helium Field. Noble gases or inert gases are six gaseous elements found in small amounts in the Earth’s atmosphere. They include helium (He), neon (Ne), argon (Ar), krypton (Kr), xenon (Xe), and radon (Rn).


TSXV:DME - Post by User

Post by Fredo51545on Jul 15, 2021 9:36pm
234 Views
Post# 33557302

Forward Sales

Forward Sales
Does anyone besides me believe it would be a good idea to take enough cash in via a forward sale and start paying a dividend immediately? A $.10 quarterly divvy would cost $24 million over nine months by which time they should have some wells on production. Even if initially throttled back, they would still be in a surplus cash flow position as they paydown the forward sales volumes.
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