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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

Post by Biloxibuzzon Aug 09, 2021 6:18pm
260 Views
Post# 33675998

Regarding Short Positions In DME

Regarding Short Positions In DMEActually 331,000 short shares in not really a lot. Less than1/2 of 1% (.05). That is good news. The shorters are staying away from this one. And I don't see them coming after it. They like stocks with not much news. There are too many catalysts lined up. Every well drilled is a catalyst, every well completed is a catalyst, as is every contract for product, every analysis of reserves and most importantly - positive cash flow when it happens. I don't think the shortersare going to have much interest in DME as we move forward. If management keeps putting out press releases on a regular basis the shorts will be looking for lower hanging fruit.
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