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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.W

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

Comment by Buyhigheatchipson Jul 16, 2023 8:42am
202 Views
Post# 35543083

RE:RE:RE:RE:RE:What is going on?

RE:RE:RE:RE:RE:What is going on?

It's starting to sink how surreal this all is. How much reality has departed from the story we were being told for the last three years -- not just by the company but by analysts and interviewers as well. A story that was backed up by a plant actually being built and fully installed onsite!

It is literally stunning what has transpired here. Worst case I figured the plant output wouldn't be that hot and they'd need more drilling and a second plant to really add serious value.

Never in a million years did I think it was possible to be below my average cost at this point. I thought I had already learned the hard lessons from investing in junior miners and this was my payoff...but the universe had other ideas it seems.

As for the future I have no idea and no one else seems to either. Cormack has a price target of 60c. Well we were there the other day. And what is the real situation with AZ? What is realistically possible there? Seems to me that the after months of being onsite there that the company would've learned some more about the field. Or was there no "optimization" going on at all? 

So much disappointment. So few answers. 

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