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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 HeliumHighon Mar 02, 2023 4:53pm
145 Views
Post# 35316124

RE:RE:RE:C$20 MILLION MARKETED PUBLIC OFFERING

RE:RE:RE:C$20 MILLION MARKETED PUBLIC OFFERING Yes, I think those who follow DME closely knew this was coming.  However, I am surprised that the offering is as large as it is.  I'm sure the company was hoping the stock price would have appreciated as progress was made with respect to start-up and revenue, but unfortunately the stock price has (strangely) drifted in the other direction (which I still think it would have been easy/cheap for existing large stockholders (who are likely buyers in this offereing) to accomplish in light of the small volumes here).  I also kind of wish DME would have borrowed a portion of these proceeds instead of going all equity/dilution.  

Like everyone else, I am anxious to see what the terms will be.  

Regardless, as you said BH, this offering was a monkey that DME stock really needed to get off its back!  Let's hope the process to the closing of this announced offering is both smooth and short.
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