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Desert Mountain Energy Corp V.DME

Alternate Symbol(s):  DMEHF | V.DME.WT

Desert Mountain Energy Corp. is a Canada-based resource company primarily focused on the exploration, development and production of helium, hydrogen, natural gas and condensate. The Company is focused on helium extraction from different raw gas sources in an environmental and economical manner by supplying elements deemed critical to the renewable energy and high technology industries. Its Holbrook Basin Helium Project comprises more than 1000,000 acres of key helium prospects under lease. Its West Pecos Slope Abo Gas Field and gas gathering system is located in Chaves County, New Mexico. The West Pecos Gas Field encompasses a vast infrastructure, including 188 wells, over 50 miles of gas collection lines, and 77,000 acres of oil and gas leases. Its secondary focus is developing hydrogen assets located within their helium fields.


TSXV:DME - Post by User

Comment by Biloxibuzzon Jul 07, 2021 10:40pm
171 Views
Post# 33510346

RE:RE:Moving in the right direction

RE:RE:Moving in the right directionI think we are OK on the money. They took in almost $16 million from the warrants. Prior to that they had about $12 million in the bank.I don't know what the burn is, but say it is $1 million a month , they should still have $20 million cash. Also in the stockholder video, RR didn't think we we get to and hold the $3.50 share price until August or Sept. So I think they were planning on drilling #4, #5 and #6 and getting the Production facillity built without even tapping the warrant money. Concern for $$$ and lost time is probably what caused then to move to production with just 3 wells rather than 6 wells.Time is the killer here. I too am amazed that the price has held up pretty well thru all of this. I  guess most of the stock is in what the Gamestop/Reddit crowd would call "Diamond Hands" I missed Gamestop, but did pretty good with AMC and kid traders use that phrase all of the time.  
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