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Started By
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re: Desert mountain energy and the helium shortage
Posted on 6/8/22 at 5:45 am to Pierre
Posted on 6/8/22 at 5:45 am to Pierre
quote:
un. 08, 2022 4:57 AM ETDesert Mountain Energy Corp. (DMEHF)By: Meghavi Singh, SA News Editor Desert Mountain Energy
(OTCQX:DMEHF) has entered into non-brokered private placement offering to raise up to C$5M. Per the terms, the company will offer for sale up to 1.667M units at C$3.00/unit.
The company shall increase the maximum of the offering by up to 5% to a maximum of 1.75M units. Each unit will consist of one common share of the company and one share purchase warrant, with each whole warrant allowing the subscriber to purchase one additional share of the company for a period of three years from the date of the closing at a price of C$4.00/share.
Proceeds of the sale will be used for exploration and development of the company's helium projects, as well as working capital and general corporate purposes. The units will be subject to a 4-month hold period.
So at $3 a share a private placement offering is a good thing, correct?
0
Posted on 6/30/22 at 3:00 pm to Aubie Spr96
quote:
ETA: Added it to my watch list. It's approaching the 52 week high again. I'll wait for a pullback to get some.
Now coming back to the 52 week low. I've already caught a couple of falling knives and don't want to catch another one right now. Guess I'll wait until it looks like the market puts in a bottom.
Posted on 6/30/22 at 7:09 pm to Pierre
I bet it's fun to be in company meetings where everyone sounds like munchkins
Posted on 7/1/22 at 8:53 am to supadave3
quote:
I bet it's fun to be in company meetings where everyone sounds like munchkins
Haha! I'm only down 40% or so holding up nicely lol compared to my other shite. Picked the wrong year stop sniffing glue. Sorry guys. I'm holding. Wake me up in a year.
Posted on 10/24/22 at 1:01 pm to Pierre
They should begin plant assembly in the next few months, right? What is the long-term outlook if everything pans out?
Posted on 10/24/22 at 1:15 pm to ThermoDynamicTiger
I got out of this name, not enough communication on plant assembly.
Posted on 1/6/23 at 2:19 pm to My2ndFavCivilNgineer
Anyone following this still? It looks like the plant is nearly assembled and they should be ready to start testing and producing.
Posted on 1/20/23 at 7:07 am to ThermoDynamicTiger
Plant has been commissioned. Now they are beginning the 90-day optimization process. Desert Mountain Energy
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