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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 VRBTODAYon Jul 07, 2023 12:54am
193 Views
Post# 35530317

RE:RE:interesting

RE:RE:interesting

It may be interesting about connecting to a local power grid, but is certainly another prior missed oppurtunity that should not have happened, whether a management decision or just bad advice from a hired consulting company?

If the Solar Farm had the capabilty of being connected to the grid it should have been addressed and done from the beginng, look at the past timelines how long (great song by Paul Carrick) has the solar farm sat there generating power going nowhere? 

Not sure how many shareholders have read the AIF (Annual Information Form) published Jan 31 2023, its a great read and has enough Boiler Plate in it to buld a couple of Cruise Ships. After reading the AIF twice in the beginng and just now for a third time, it was a Red Flag to me after they addmittingly said the company had little prior knowledge about the Helium business, and yet were launching a new technology processing facility to capture the gases.

It was a good story and had a lot of sizzle to move the stock but it certainly looks like the goose is cooked. Good luck seeking any compensation from DME as their corporate assests are well covered, give the AIF a read, it is enlightenng. 

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