Zoom Out Perspective and 2023It’s hard to see the stock price where it is day-to-day right now when we are on the cusp of so many powerfully transformational developments - but it is certainly true that DME's timelines have slipped significantly over the course of the year and perhaps the company is not pumping out quite as much public detail as DME has at times in the past (though if there are competitive reasons for holding back certain info, I fully support it). However, the reality for most of us is that the current stock price is irrelevant because we wouldn’t be likely to see at any (reasonably possible) price during 2022.
At times like this, I like to zoom out:
2020: Early/limited data (stock price driven by speculation)
2021: Identifying the potential (stock price driven by optimistic potential upside on paper)
2022: Transitioning from “well data + business plan” to an operating company (stock price driven by lots of questions about company’s ability to actual execute/operate)
2023: (Hopefully) Stock price being driven by actual helium production, actual revenues, and demonstrably positive answers to 2022 questions about ability to operate/execute (and creation of more “blue sky” as the path to the next production facility becomes clearer and more wells are drilled/tested)
The real upside opportunity here is in 2023. Hopefully we do see some price appreciation through year-end, but I don’t expect the primary value drivers here to become clear enough to the market until next year. Unless things really go off the rails (a possibility that can never fully be discounted), 2023 should be the year we have waited for (including an uplisting to Nasdaq in the US)
For what it's worth, I still haven't sold any shares yet - and even paifully realized some losses elsewhere in order to fund some additional purchases here over the last few days.
Good luck to all.