Bullboard - Stock Discussion Forum Desert Mountain Energy Corp V.DME

Alternate Symbol(s): DMEHF | V.DME.WT

Metals & Mining Industrial Metals & Minerals

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... see more

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TSXV:DME - Post Discussion

Desert Mountain Energy Corp > Quick thought on share price

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Post by Bertie20 on Nov 22, 2020 8:22am

Quick thought on share price

There's been no press release, but according to DME's interims in May on November 2nd some 1.7m warrants were due to be exercised, at 30 cents. Assuming they went ahead, it can be assumed that this will have led to some selling as the warrant holder was in a position to make an instant and significant profit. (For DME, of course, the warrants will have raised $500,000.) It's odd there has been no announcement about this, but it's something to consider when pondering the behavior of the share price over the past few weeks....

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