DOS filed today … MD&A is interesting…... reading between the lines DOS has enough flow-through funds available to execute their late spring exploration program on their Lithium projects. And they say they will head out as soon as they are able. Which could mean many things but the earliest possible would be May 20-ish which should line up with the end of Goose Break. Hopefully they hit the ground running and find one or more of the projects to have significant lithium potential which gives the share price a nice boost.
They go on to mention they are planning to explore Heberto gold project this summer but will need to raise money to finance this program. Very exciting. If they find something of interest on lithium projects that lifts share price, then MJG should be able to reload the DOS treasury at higher prices (hopefully much higher prices).
For now, selling is very limited and offers are very thin. Buyers looking for volume are being patient because chasing is futile if planning to build a meaningful position. Instead, those who are keenly interested participating in the eventual financing of the Heberto gold exploration program have zero incentive to see the price move higher right now and could to to keep a lid on the price to force MJG into a low priced financing. My bias is however that MJG will not let predators in at these levels.
Each passing day gets us closer to the exploration program getting underway. The share price has been flatlining for months now at around 4 cents give or take a half penny here or there. The moving averages have converged at 4 to 4.5 cents. Won't take much for share price to break to the upside and trade higher than the 30/50/90 DMA and then we could see an exponential move higher with some positive news from the field.
One of these days it will get exciting for DOS. And likely sooner than later.
If BRW can capture the market's attention and confirm the source of the Mirage Boulder train, it could breathe huge life into Quebec James Bay lithium juniors. Because it will allow one to dream that maybe a company like DOS can replicate the success!
Don't listen to me. I am a novice investor. And always do your own due diligence first.