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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

Post by HeliumHighon Jan 12, 2024 12:46am
552 Views
Post# 35822999

Uncertain Thoughts on DME

Uncertain Thoughts on DME Firstly, I want to say that I am down well over 80% on DME stock that I accumulated over quite a while. I have watched with angst as the stock price cratered in the wake of DME's then incomprehensible announcement that AZ operations would not be happening anytime soon (though we all were waiting for an imminent announcement on initial helium sales and real production numbers). Even now, an update regarding efforts/production at the new project in NM seems very concerningly overdue. The market now prices DME in a punitive (and seemingly deserved) valuation range reserved for the most speculative "stocks" that are tied to little more than dreams, their promoters hot air, and endless dilution to raise money anytime it is possible. Maybe that is just what DME is (or maybe it is run by good meaning people who just don't know what they are doing), but then again maybe not. Maybe last year really was just a string of misfortune. Maybe this NM project really is a diamond in the rough that is taking a little extra time to pull together. Maybe there is a real and profitable business (and not a just a scam) in the works here. Maybe those wells and rights in AZ really do have significant value that can finally be realized with a pro-business/Republican governor takes over again in AZ. Maybe DME will someday announce some other unexpected but impressive find in one these other "jurisdictions" that have been mentioned in the past. Maybe. Is this wishful thinking?  Sure. As has been rightly said here recently, "Fool me once...". But all too often I find that truth often lies somewhere in the middle. Perhaps just as I look back now and wish that I had sold when I could at -US$4 and things seemed so bright, perhaps in the future I will look back and wish I would have bought more now when things seem so terribly dim. I sure wish I knew for sure. 
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