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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 deercreekguyon Mar 03, 2023 5:47pm
220 Views
Post# 35318693

RE:You would

RE:You would Come on Flash. the Company had already told us that their cash was just sufficient to finish the first  processing plant; which they have essentially done.  Like yourself, I would have preferred that they sold some finished helium before going after mory money, but that was no doubt a bridge tto far, and they had to go back to the market, finance that is... Personally I think they did fairly well.  You have to expect that new capital will get a break, and I think the break they are getting is very consistent with the risks they are taking..

The alternative to dilution was trying to get bridge loans, and with interest rates rising, as they are, that was not attractive, and possibly not even doable,  So, all things considered, I think todays new was neutral at worst and fairly good at best.. I bought a few more shares and wish I had the amunition to have bought much more.  Lots of luck to the brave longs
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