Desert Mountain Energy Corp V.DME

Why isn't it $2.00?

[ADavenport]

Thought this would have gone parabolic. Too many people cashing out? Good news already priced in for the most part?

[old_dog]

It will be.....right now they are filling the gap...a messy thing that has to be done.....that being said it also allows bigger players to shake those 39 cent shares....and some of those 63 cent shares out of the hands of people that are willing to see a good return and let the profits run free.....once they get that done and they have hoarded up they will continue to buy at higher prices....after

[ADavenport]

I'm in with over 55,000 @~0.50. $5.00, bring it on!

[jrk8888]

there is no doubt the results were as good as anyone could have expected. 7% and 4% are blockbuster wells. But  the story is incomplete at this time. Lots of questions need to be answered. How do they bring this in to production? How many wells can they safely drill on the property? Whar are the reserve estimates? Will they need more money or a partner? I'm sure management is working out

[Bertie20]

Couldn't agree more. They need to communicate what the next steps are, and what the longer term goal is. Once they've done that, it would be worthwhile raising a few million I'd think while the share priced is elevated so they can poke a few more holes (both appraisals and exploration) and commission a FEED study. 

[old_dog]

Why hasn't the company come clean about where their properties are.....good question..........But lets look at the outcomes. To Tell:..Everyone and their dog comes to the area and make claim to every piece of land they can and hold the rights to a fortune. To be stealthy: You can quietly accummulate more and more properties and rights to cheaper properties. The company has a reason for

[Abito]

buyout might be a possibilty... former ceo had a history of making real companies that were bought out for major shareholder value

[piperman60]

What kind of multiples are you thinking for a buyout?

[fausthimself]

I've been asking myself the same question recently lol.