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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 ExWEIMan2on Apr 29, 2023 8:44am
263 Views
Post# 35420637

RE:RE:All time low coming?

RE:RE:All time low coming?You might think about holding off on those purchases or at least scale-in.  Until the company announces profits from the sale of He, the share price will continue to decline breaking levels of support.  If you look at the weekly chart the SP has been declining at a rate of about 5 to10 percent a week. At that rate you should be able to buy shares near $1.40 next week and may be lower the week after that. I think this will happen as DME has been missing timelines and diluting the company for well over a year resulting in a lack of confidence in management.  I don't expect to hear of any He sales until the end of the second quarter.       

If you're looking for a different opinion, try CEO.CA, there are lots of enthusiasts over there. 

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