Desert Mountain Energy Corp V.DME

Moving in the right direction

[GoldenArm]

Closed up again today. Looking good. I admit I sold some shares only to buy shares in another company but still have bunch which I hope will be enough for a house in the East Coast.

[Bertie20]

I'm not complaining but I find it staggering (and a considerable relief) that the share price has avoided collapse thus far. I'd guess the company has spent some $2.5m on this well (though there is a possibility that, if the rig had problems, some of the rig costs will be reimbursed). By now they are risking the possibility that they will need to dilute again to achieve first production. I

[Biloxibuzz]

I think we are OK on the money. They took in almost $16 million from the warrants. Prior to that they had about $12 million in the bank.I don't know what the burn is, but say it is $1 million a month , they should still have $20 million cash. Also in the stockholder video, RR didn't think we we get to and hold the $3.50 share price until August or Sept. So I think they were planning on

[Buyhigheatchips]

Seems to me it would be a little irrational for the market to freak out over one tough well out of a proposed 60 or so when the first three went fine. Lots of cash in the kitty as said. I also think it makes sense that they would've abandoned this well by now if it was a dud.    Hopefully good news soon! 

[12groundpounder]

Look at that is building $4.22 the time to buy is before a positive announcement not when you get the positive announcement and less you want to pay $.50 to a dollar more