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Bullboard - Stock Discussion Forum 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... see more

TSXV:DME - Post Discussion

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Post by Slipknot on Sep 14, 2021 6:48pm

Long game

Chill out, we are in the 1st half of the second  inning. We have a long way to go. Think about the wells to come, some should be higher and some may be duds. Commercial viability has been established, the land mass is still huge. DME is still in a league of it's own when it comes to percentages. There is nobody even close. When we have 50 or 60 wells producing and  customers trucks are lined up this will all be history. I wish I had more to invest. Stay the coarse. All the nonsense of $100 or $1000 a share could be possible who knows but $30-$50 a share is realistic. Is there a heilum shortage, who is the major supplier? We are in the game. It is not like they hit  dry hole, and even if they did not to much has changed. We are at the beginning with a long way to go. This is nothing but spectacular and panic. Rock on brothers.
Comment by Buyhigheatchips on Sep 15, 2021 6:59am
Almost completely agree but it was DM saying $50M a quarter revenue on 5 or 6 wells so that puts $100 well within the realm of not nonsense.
Comment by Slipknot on Sep 15, 2021 10:12am
I agree , DM should have not said that.
Comment by Bertie20 on Sep 15, 2021 8:50am
I may be out right now, but I'm watching very closely. The key for me investing back in is that the company needs to start delivering OPERATIONALLY. At the start of the year they had planned to have drilled 4,5 and 6 by the end of Q2, gone back to test 1 &2, have had a fully compliant 51-101 reserve report, have agreed end-user contracts, and entered production in Q4. In reality they have ...more  
Comment by Biloxibuzz on Sep 15, 2021 10:17am
Spot on Bertie. I have been preaching this every time I post. Management is not getting a lot done and misses every mark that they set for themselves. Now they think if they don't put any guidance out, there won't be any marks to miss. There is  no one on this team that understands anything about corporate governance.
Comment by jrk8888 on Sep 17, 2021 7:13am
Completely agree with what you have stated. I sold my shares a couple of days ago. Management needs to get a comprehensive plan together and stick to it. The HE3 talk and speaking about turning down $1billion in financing and pre-sales really fuelled some unnecessary hype. It was a difficult decision to sell weighing short term uncertainties against longer term prospects.  Made some nice ...more  
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