RE:RE:What is going on?
DME got hammered because this latest move is so bizarre trhat you could not even make it up. DME commissioned their own innovative unique design helium plant on January 19 and have never produced any helium. Apparently the shallow Holbrook basin wells are too low pressure and they can't get permits to do workovers. Now they are buying an old natural gas field in New Mexico, adding a compressor, and moving the plant over there. They don't really know how much helium is there. The facility they built in Houston (by Generon) for the Arizona project (in the Holbrook basin, the Saudii Arabia od Helium I think they called it) is just so impressive to look at. And was years in the making. Years of delay. Like I said, you could not make this up. It is ridiculous.