Desert Mountain Energy Corp V.DME

Email Update from Don re MPF optimization status

[HeliumHigh]

A poster over at the ceo board shared this email from Don:  "Rob mothballed the wells so we need to bring a completion rib back on 3 of the wells and do 1 to 3 days of work on each one. Hopefully we get it in the next week or so and get them flowing then we start the optimization program. While the financing was open all work was brought to a stand still. ". Obviously this was a bit of a surprise. I thought I should share it here right away was well. As appropriately commented by Bertie ".This information regarding the need for a completion rig to start the optimization process is why shareholders get (rightly) upset about DME’s communication. This is hugely relevant news to shareholders that are purchasing stock, and who are of course basing their trades on the advertised timings/milestones provided by the company. DME announced over two weeks ago that the plant was complete, and that sales had been initiated. Management have conducted multiple interviews, including this week, and yet they’ve made no mention of this requirement for the completion rig. Meanwhile, their presentations still mention Q1 for the optimization process to start. There’s no excuse for not telling shareholders about this needed step. ". I still have confidence in RR's ability to execute, but they must do better at communication. What is the value to investors of doing interviews to provide visibility into what is happening if you omit relevant info like this?  It may seem like a small thing to DME management in the scheme of things, but it undermine confidence. If they want to trade on a US exchange one day, they will need to change their ways.

[HeliumHigh]

I should note that the information has not been verified by other means (and no screenshot of the email was provided). It was just a paragraph posted by the poster. However the poster is not one of the noisy bashers that pops up from time to time criticizing the company (sometimes identified as affiliated with another helium company). The poster generally seems bullish on the company's

[Buyhigheatchips]

Just more of everything that's been getting under my skin over the last year. These guys are not changing their stripes. We just need to decide if the company is going to succeed despite their lack of transparency. 

[Buyhigheatchips]

I wonder how long they'll leave the already out of date timeline up on the website. Just add 50% to any particular milestone? Or is that too optimistic?

[HeliumHigh]

I know - I actually think they try hard and do a pretty good job for the most part - far better on disclosure/updates that most similar companies.  However, we all are financially (and thus, emotionally) invested in this so we obviously take shortcomings (from our pespective) pretty hard.  Keep in mind though that this is still a TSX-V exchange traded company, which in many circles is a

[Buyhigheatchips]

Your note of generosity is a good way to leave it for the weekend, HH.  GLTA

[littledave55555]

to inlist on the NASDAQ they would need a 3 dollar share prices but if it gets there and they could do it would be awesome ... HIGHTIDE did a revised spilt so they could inlist ... but it didn't work to well for them.... This company has a lot of up side and with the right moves could be a 10 dollar stock some day ... so GO DME GO !!! have a great weekend all !!!!