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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  V.DME.W | DMEHF

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 Bertie20on Jul 16, 2023 8:20pm
247 Views
Post# 35543452

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

RE:RE:RE:RE:RE:RE:What is going on?The silence is very telling. This was a company that very regularly did promotional videos, but, after the most meaningful update in its history, crickets. The reason for the silence is, in my view, obvious: there's no story to tell. It's total chaos. The entire reason for this company to exist--Holbrook--is now potentially entirely off limits, after eight wells, a farm-in for hydrogen production, the construction of a solar plant, and the building and testing of a processing plant. And they're in governance trouble--for want of a better phrase, management has participated in a "cover up" regarding the wells' flow rate, and the press release blaming Arizona for not giving them the required permits (which don't even exist for helium) was pathetic and intentionally misleading. If this company had an independent board of directors, the management would be evicted, no doubt about it. I've been investing in resource stocks for over 20 years and never come across anything like this. For those who remain invested, I genuinely hope for a miracle for all of you--but, in all honesty, a miracle is what it will take for this company to not slide into notorious oblivion.
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