Desert Mountain Energy Corp V.DME

What is going on?

[Buyhigheatchips]

What are the most plausible explanations for this bounce? Is there a dead cat involved?

[Peggy123]

No dead cat bounce. It just got ha.mered because people over reacted. See my previous post. Papi

[Margin321]

DME  got hammered because this latest move  is so bizarre trhat you could not even make it up. DME commissioned their own innovative unique design helium plant on January 19 and have never produced any helium. Apparently the shallow Holbrook basin wells are too low pressure and they can't get permits to do workovers. Now they are buying an old natural gas field in New Mexico, adding

[Buyhigheatchips]

Cormark report... [url=https://cormark.bluematrix.com/sellside/EmailDocViewer?encrypt=8a8d20e2-f305-4b45-8450-b84f68ebf143&&mime=pdf&&co=rblt&&&source=mail&id=don%40desertmountainenergy.com]https://cormark.bluematrix.com/sellside/EmailDocViewer?encrypt=8a8d20e2-f305-4b45-8450-b84f68ebf143&&mime=pdf&&co=rblt&&&source=mail&id=don

[Peggy123]

cant open

[Pineapplehero]

You can access this report by copying the link, starting @ HTTPS  & end at  .com however, the report is dated July 7th, why bother? 

[Peggy123]

ty   i wont

[BearBull007]

TX for posting. 

[Buyhigheatchips]

It's starting to sink how surreal this all is. How much reality has departed from the story we were being told for the last three years -- not just by the company but by analysts and interviewers as well. A story that was backed up by a plant actually being built and fully installed onsite! It is literally stunning what has transpired here. Worst case I figured the plant output wouldn't

[VRBTODAY]

Desert Mountain Energy Corp. Feb 6 2023 13:16:47 ET Annual information form - English PDF 733 K   I mentioned this AIF report in a earlier post and recommended it as a good read and that it explains alot about what has transpired also contains enough Boiler Plate to build a couple cruise ships...... did not realize

[Bertie20]

The silence is very telling. This was a company that very regularly did promotional videos, but, after the most meaningful update in its history, crickets. The reason for the silence is, in my view, obvious: there's no story to tell. It's total chaos. The entire reason for this company to exist--Holbrook--is now potentially entirely off limits, after eight wells, a farm-in for hydrogen

[Buyhigheatchips]

Yeah, it's bad. Hoping for a miracle is exactly where I'm at.  For what it's worth here's someone still trying to make a positive case... https://twitter.com/ClayDMontgomery/status/1679240534924095490

[Margin321]

The tweet does say that DME bought a producing natural gas well in NM.  Not the deepest analysis since they bough a producing natural gas field with scores of wells and they plan to add some compression and process the output and are hopeful that some of the wells have a reasonable amount of helium.  They can sell the natural gas, but their whole schtick has been pimary helium wells in

[Tubes101]

The current goal of DME is to acheive a combined revenue of 1.5m per month and i quote DME "this should mean no more equity financing". 

[TiredofWating]

I think this is a fair assessment.  It leads to the question of whether there is any legal action that should be pursued.  

[mrfrankl]

Against who?

[fredo1]

Exactly. Well said. They are going to run out of cash.

[Buyhigheatchips]

I doubt this is happening simply bc of DM's share purchases. Maybe Beacon sent a note to its subscribers that gives a decent valuation to the NM play? The real bull case is if we get back into AZ with permits and enhanced recovery is "effective enough". Not sure how that can be anything other than a gamble though.