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Deep-South to Host Live Webinar on Monday, May 24th at 2pm ET

Posted by rickydi at May 18, 2021 10:37 AM | Report Abuse
34 comment(s). Last comment by rickydi at Nov 10, 2021 12:15 PM
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rickydi
72 posts

Posted by rickydi > May 18, 2021 2:59 PM | Report Abuse

https://www.barchart.com/stocks/quotes/DSM.VN/opinion
100% BUY
Current strength Maximum
Current Direction Strongest


rickydi
72 posts

Posted by rickydi > May 19, 2021 11:20 AM | Report Abuse

ORIGINAL: Deep-South Appoints the CSIRO of Australia to Conduct the Bio Assisted Heap Leaching Test Work
2021-05-19 09:20 ET - News Release
(via TheNewswire)
Vancouver, B.C., Canada – TheNewswire - May 19, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) today announced that it has appointed the world-renowned Commonwealth Scientific and Industrial Research Organisation (“CSIRO”) to conduct bio-assisted heap leaching column test work, which is part of Deep-South’s recently announced metallurgical test work. METS Engineering Group (“METS”) of Australia has been appointed to supervise and overview the test work.
Pierre Leveille, President & CEO of Deep-South stated, "With the drilling program under way, we are delighted to initiate a collaboration with CSIRO, Australia’s national science agency, which is a leader in scientific research and bio-assisted heap leaching technologies. The main aim of this test work is to improve copper recoveries and therefore improving the Haib Copper project robust economics.”
The goals of the bio-assisted heap leaching test work include the evaluation of the performance of promising solvent extraction reagents for extraction and separation of copper and molybdenum and monitor and evaluate the adaptation of bacterial strains for improved ore processing. The test work will also monitor and evaluate percolation performance. The test work will mainly serve to optimise the bio-assisted heap leaching processes with the ore at Haib.

This initial column test work will assess two s ize fractions of the ore. One will be at a size of <2.36 mm and the other one at a size of <1.7 mm. The undersize will be screened at -106 microns, removing the requirement for agglomeration prior to leaching. The undersize material (-106 microns) will be the object of a sighter program to assess amenability to a flotation, roasting and leaching flowsheet. This will further define if overall target recoveries can be achieved from the fine material and metal extraction can take place at an increased pace versus column leaching.
About CSIRO
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) was founded in 1916 and is Australia's national science agency and one of the largest and most diverse scientific research organisations in the world. Its research covers subjects such as natural environments, environmental impacts, health and medical, production and many others. Dr Anna Kaksonen leads the Industrial Biotechnology Group in the Industry Environments Program in CSIRO Land and Water. With her Group she develops biotechnological processes for environmental and industrial applications in the mining, energy, water supply, waste and wastewater treatment industries. Research topics of special interest have included: mining biotechnology (e.g. bioleaching, biooxidation, bioprecipitation, bioflotation). You can visit the CSIRO website here: https://www.csiro.au

About METS Engineering
Established in 1988 by Damian Connelly, Mineral Engineering Technical Services (METS) has a reputation for providing quality service to the global mining industry. Based in Perth Australia. They have served clients all around the world from large companies such as Rio Tinto to exploration and development companies such as Deep-South Resources. They provide a comprehensive range of services including Mineral processing, engineering design and hydro metallurgy test work. You can visit the METS website here: https://www.metsengineering.com
About Deep-South Resources Inc
Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.
The recent preliminary economic assessment showed that at a price of copper of $3.00 / lb, the project generates an after-tax NPV of $950 million and an after-tax IRR of 30%.
At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )
Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Neither the TSX Venture Exchange nor its Regu


rickydi
72 posts

Posted by rickydi > May 19, 2021 3:23 PM | Report Abuse

https://smallcaps.us/deep-south-resources-inc-dsm/

COMPANY SNAPSHOT: DEEP-SOUTH RESOURCES INC (DSM)

Symbol (CA): DSM
Symbol (US): DSMTF
Symbol (GER): DSD
Website: www.deepsouthresources.com

Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyry deposits in Africa. A recent PEA shows that at a copper price of $3.50 per lb, Haib generates an after-tax NPV of US $ 1.3 billion and an after tax IRR of 42.1%.
• INITIAL ASSAY RESULTS FROM HAIB COPPER PROJECT CONFIRM HIGH EXPECTATIONS
• DEEP-SOUTH RESOURCES ADVANCES ON ALL FRONTS WHILE DRILLING AT THE HAIB COPPER PROJECT IS IN FULL SWING
• AMBITIOUS DRILL PROGRAM KICKS OFF IN NAMIBIA AS DEEP-SOUTH RESOURCES ADVANCES HAIB COPPER DEPOSIT
• INITIAL REPORT EXPLAINS WHY DEEP-SOUTH RESOURCES IS EXTREMELY UNDERVALUED COPPER PLAY
• INTERVIEW WITH DEEP-SOUTH RESOURCES CEO REVEALS MASSIVE POTENTIAL IN COPPER SPACE


rickydi
72 posts

Posted by rickydi > May 21, 2021 10:09 AM | Report Abuse

Pierre Léveillé, CEO of Deep-South Resources about Copper Investment Opportunities

Deep-South Resources Haib Copper project's PEA demonstrate robust economics for development and is advancing towards a feasibility study.

https://youtu.be/JY6qCjqTEpQ


rickydi
72 posts

Posted by rickydi > May 21, 2021 10:51 AM | Report Abuse

Copper Could Hit $20,000 a Ton, Says BofA's Blanch

Francisco Blanch, head of global commodities and derivatives research at Bank of America, is very bullish on copper. “We think we could go as high as $20,000 a ton if the supply of scrap copper doesn’t make it to the market," he told "Bloomberg Surveillance."

https://youtu.be/ogcIXRex5yI


rickydi
72 posts

Posted by rickydi > May 27, 2021 5:03 PM | Report Abuse

Interview with Pierre Léveillé, President & CEO of Deep-South Resources (TSX-V: DSM)

https://www.youtube.com/watch?v=74NM0iqnvww


rickydi
72 posts

Posted by rickydi > Jun 1, 2021 12:27 PM | Report Abuse

Copper $20,000 and Santo Tomas
https://youtu.be/jgmcZoeStFE


rickydi
72 posts

Posted by rickydi > Jun 7, 2021 8:45 AM | Report Abuse

RBMG - RB Milestone Group

Deep-South Resources Inc. (TSX.V: DSM, OTCQB: DSMTF) Corporate Overview (May 24, 2021)


https://youtu.be/txLL0LYgYJQ


rickydi
72 posts

Posted by rickydi > Jun 8, 2021 8:48 AM | Report Abuse

Everything you need to know in one click

https://smallcaps.us/deep-south-resources-inc-dsm/


rickydi
72 posts

Posted by rickydi > Jun 10, 2021 11:45 AM | Report Abuse

21-06-10 08:04 ET - News Release
Mr. Pierre Leveille reports
DEEP-SOUTH INTERSECTS 156 METRES OF 0.46% CUEQ, INCLUDING 24 METRES OF 0.65% CUEQ FROM 26 METRES DEEP
Deep-South Resources Inc. has provided the second batch of assay results from its current drilling program at its Haib copper project in southern Namibia.
Significant copper and molybdenum intersections include:
• HM03: 0.46 per cent copper equivalent over 156 metres, including 24 metres at 0.65 per cent copper equivalent;
• HM02: 0.39 per cent CuEq over 74 metres, including six metres at 0.73 per cent CuEq;
• HM04: 0.43 per cent CuEq over 26 metres, including four metres at 0.87 per cent CuEq.
Pierre Leveille, president and chief executive officer of Deep-South, stated: "We continue to have success with our active drill program identifying thick, higher-grade zones. We are consistently intercepting significantly higher grades than the average grade of our NI [National Instrument] 43-101 indicated resource that stands at 0.31 per cent Cu. The higher-grade zone in pit 2 extends significantly further west and at depth than previously demonstrated. It's increasingly apparent that the use of vertical drilling in the past missed many of the near-vertical structures contained within the broader mineralization of the project. Those near-vertical structures so far are proving to be associated with a higher grade of copper than contained within the current resource. Additionally, the presence of molybdenum has been confirmed with high Mo grades obtained in association with structures and alterations."
These three holes for which assay results have been received cover about 684.11 metres and were drilled on the central mineralized portion of the deposit to better delineate the extension of this zone to other mineralized areas located to the northwest and southwest. The holes have successfully encountered intercepts of mineralization from bedrock or near bedrock surface. Assay results for the holes are in the attached table.
Hole From To Width CuEq Cu Mo
No. Zone (m) (m) (m) (1) (%) (2) (%) (%)

HM02 Main 64 86 22 0.4 0.4 0.001
Including 80 84 4 0.95 0.95 0.001
Main 110 184 74 0.39 0.35 0.013
Including 118 124 6 0.72 0.66 0.017
Including 162 168 6 0.73 0.56 0.05
Main 216 238 22 0.43 0.4 0.009
HM03 Main 26 182.5 156.5 0.46 0.41 0.015
Including 26 38 12 0.61 0.59 0.006
Including 100 130 30 0.58 0.5 0.023
Including 136 148 12 0.6 0.57 0.01
Including 152 176 24 0.65 0.64 0.004
HM04 Main 176 182 6 0.5 0.44 0.017
Main 194 204 10 0.41 0.41 0.001
Main 212 238 26 0.43 0.4 0.008
Including 232 236 4 0.87 0.76 0.034

Link to PR
https://www.stockwatch.com/News/Item/Z-C!DSM-3096677/C/DSM


rickydi
72 posts

Posted by rickydi > Jun 11, 2021 7:29 AM | Report Abuse

Live Spot Prices

SPOT PRICE IS OPEN
Price: US$/lb

Copper June 11,07:19
Bid/Ask 4.5087-4.5103
Change +0.0732¢ +1.65%
Low/High 4.4266-4.5298


rickydi
72 posts

Posted by rickydi > Jun 14, 2021 11:48 AM | Report Abuse

Deep-South Resources (CVE: DSM-OTC: DSMTF) President and CEO Pierre Léveillé, joined Stephen Gunnion from Proactive with detail of the second batch of assay results from the company's current drilling programme at its Haib copper project in southern Namibia. Léveillé, telling Proactive that Deep-South continues to have success with its active drill program identifying thick, higher-grade zones.

https://youtu.be/O8pi186bCRc


rickydi
72 posts

Posted by rickydi > Jun 17, 2021 7:36 AM | Report Abuse

UPDATE ON DEEP-SOUTH HAIB COPPER LICENCE RENEWAL
2021-06-16 16:02 ET - News Release
Mr. Pierre Leveille reports
Deep-South Resources Inc. has received notice from the Ministry of Mines and Energy of Namibia informing the company that its application for the renewal of exclusive prospecting licence No. 3140 has been denied,
citing the company's inability to advance the licence to prefeasibility and complete the proposed drilling program as planned. The company has requested an urgent meeting with the Minister of Mines and Energy to review and reverse the decision.

''''''''The company is convinced it is a misunderstanding. The minister has accepted a meeting to discuss the matter. The meeting should take place early next week.'''''''''''


The company maintains that the ministry was kept well apprised, with no objection on its part, of a proposed change from the prefeasibility study to an upgraded preliminary economic assessment and the commencement of a full feasibility study.

'''''''Moreover, the ministry issued all permits required for the drilling program and is well aware that Deep-South has completed the drilling program.'''''''''

Pierre Leveille, president and chief executive officer of Deep-South, stated: "In the context that the company is well funded and moving ahead with a large development program, the decision of the minister is surprising and certainly not in the best interest of the development of the mineral resources of Namibia. We believe that a meeting with the minister will remove any possible misunderstanding and the situation will be rectified in the shortest time frame possible. We are hopeful that our efforts to meet with the minister will reach a positive outcome."
In its application for renewal and subsequent representations made to the ministry, the company has clearly demonstrated that it adequately meets the criteria under the Minerals (Prospecting and Mining) Act (Namibia) to justify the renewal of its licence. Accordingly, the company is of the opinion that the refusal is unreasonable.

The company has demonstrated to the minister that during the past two tenures (from April, 2017, to April, 2021), it has invested $2-million with the completion of, among other things: a National Instrument 43-101 resource estimate; a preliminary economic assessment; a large two-ton sampling and heap-leach test; geological mapping; modelling; and an upgraded preliminary economic assessment.

Furthermore, in its renewal application, the company has proposed a feasibility study program with a budget of $7.1-million. The program was under way with three drills and 42 employees on site. METS and CSIRO (Commonwealth Scientific and Industrial Research Organisation) of Australia have also begun metallurgical tests, bioleaching, high-pressure grinding roller tests and a flowsheet optimization program in two laboratories in Australia. Knight Piesold also has four scoping studies under way, covering: water usage; alternative power solutions; leach pad assessment; and environmental path to the ESIA. The company has also informed the ministry that at the completion of the feasibility study, it is planning to build a pilot plant on site for an estimated cost of $25.5-million.

As a result of the minister's refusal to renew the licence, the company has immediately suspended all work on site and hopes that the retrenchment of its employees will be avoided.


About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration and development company. Deep-South's growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the Green Revolution.
We seek Safe Harbor.
Source: https://www.stockwatch.com/News/Item/Z-C!DSM-3099342/C/DSM


rickydi
72 posts

Posted by rickydi > Jun 17, 2021 9:31 AM | Report Abuse

https://www.stockwatch.com/News/Item/Z-C!DSM-3099676/C/DSM
Deep-South Resources to resume at open
2021-06-17 08:40 ET - Resume Trading
Deep-South Resources Inc. will resume at the open on June 17, 2021.


rickydi
72 posts

Posted by rickydi > Jun 17, 2021 10:25 AM | Report Abuse

V:DSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com
10:16:33 EDT
Bid --- Ask-----Volume
12.5 0.13 7,607.0 949


rickydi
72 posts

Posted by rickydi > Jun 18, 2021 7:44 AM | Report Abuse

Damages done by the denial of the ministry to renew the HAIB licence

I know Pierre Léveillé since his early days running a pubco
He is a straight shooter

The minister has accepted a meeting to discuss the matter. The meeting should take place early next week

DSM believe that a meeting with the minister will remove any possible misunderstanding and the situation will be rectified

When rectified the stock will gap to 0.19-0.22¢ range


rickydi
72 posts

Posted by rickydi > Jun 19, 2021 9:42 AM | Report Abuse

Sadike Nepela, DSM Director
Sadike Nepela serves as General Manager of Kalahari Minerals PLC.

''''''''''''''''''' For a number of years, Mr. Nepela served as an Assistant to the Minister in the Namibian Ministry of Mines and Energy'''''''''''''''''''''

and most recently he has been the General Manager for Westport Resources, a subsidiary of Forsys Metals Corp.(listed on the TSX). He is also a Fellow of the International Centre for Research and Training in Major Projects Management, Montreal, Canada. Mr. Nepela is a graduate of the University of Witwatersrand, Johannesburg and has also studied at the University of Connecticut, West Hartford, USA.


rickydi
72 posts

Posted by rickydi > Jun 22, 2021 2:23 PM | Report Abuse

Answers from our CEO
FYI: Quoted answers by CEO after permission of going public
CEO: See my answers after each of you questions below:

• EMP for EPL 3140
The EMP for EPL 3140 was filled in august 2020 of your subsidary:
the-eis.com/elibrary/sites/def…0Mineral%20EPL%203140.pdf
SLR Consulting (Africa) (Pty) Ltd (SLR) has been appointed by Haib Minerals as the independent environmental assessment practitioners to undertake the EMP amendment process and submit the updated EMP to MET for their review and approval.

Was it submitted to MET? Is it approved?
Is that MET linked with the EPL conditions?
Answer: The EMP was filed and approved. When approved it is an Environmental Clearance Certificate that is issued for 3 years. We have the ECC since February as it is a condition to start drilling. The Ministry of Mines has issued the drilling permit only on the condition that we have the ECC

• Please comment the progress:
[*] Drilling 20 holes for both metallurgical tests and geo-tech holes on three target area (Target Area 1, 2,and 3) with identified 10 sites (refer to Figure 1-3).
[*] Excavation of 4 representative trenches, ±20 meters long and ±1 meter deep in the above mentioned target areas. (think buld samples permitted til Nov202
• [*] Extraction of water from the Orange River for drilling purposes (as per previous EMP).
Answer: The information you have is different in the resulting ECCas we have changed the trenches for more drilling and it has been approved. If we drill it is because we have received all authorizations for the District Concilor, which is the relevant authority to approve water extraction for exploration. For mining it is a different authority.

• As far as we know - some time ago - there was also a MDRL fr Haib applied.
That would provide sharesholders much more safety than a conditioned EPL.
Have you applied for a MDRL?
What is the current status or the feedback of MET
Answer: The MDRL application was filed by Teck Resources in January 2017 with the Ministry of Mines, not the MET, which has nothing to do with the granting of exploration or mining licences. At the time Teck was still holding 70% of the company holding the licence and they have done it without our consent. MDRL application was very bad news. A Mining Deposit Retention Licence is filed for up to 5 years when a company intends to carry no exploration or development work for a period of up to 5 years.
We bought Teck 70% interest in May 2017 and immediately requested to apply for an extension of the EPL, which was approved by the Ministry. The MDRL filed by Teck was refused.

• Some of us are confused because we didn't find a NR or sedar Filling of the very important old application extension til 21.04.2021.
Is there a filling?
And if not, why?
Answer: We have never issued NR for an application of a licence renewal. However, you can understand that if the Ministry has refused the licence renewal it is because we have filed an application for renewal. I confirm, we have duly applied

• Pilot Plant
"The Company has also informed the Ministry that at the completion of the Feasibility Study, it is planning to build a pilot plant on site for an estimated cost of CAD$ 25.5 million"

Our concern is that it will be difficult to communicate positively to investors. Which strategic Partner will invest before getting the detailed recovery results? That could lead to much dilution.
Was this pilot plant part of the updated PEA?
Do you think it will be obligatory ;-) to convince MET to get the EPL renewal
Answer: The pilot plant is not part of the updated PEA but will be part of the Feasibility Study (FS). It is normal to inform the Ministry of Mines of the long term planning. Building a pilot plant after the FS is a normal step for any project in development and not
planning it would be weak project management.. I am always fascinated to see how some investors are bothering with potential dilution that could only happen in a long time (2.5 years) and only if certain conditions are met. In this case, the FS needs to be positive and recommend the pilot plant. We are confident that if the FS is positive and recommend the pilot plant, our market cap will be higher and we will limit dilution. Also, the FS can be convincing for a strategic partner. So, there will be many conditions that will evolve and change over time that makes a discussion about dilution today quite speculative and useless

We don’t have to convince MET (Ministry of Environment and Tourism) for the renewal of any exploration licences. We have to convince MME (Ministry of Mines and Energy)


rickydi
72 posts

Posted by rickydi > Jun 23, 2021 1:10 PM | Report Abuse

Pierre Léveillé, President & CEO of Deep-South Resources, makes an announcement following this week’s news release. Pierre will keep you informed of any upcoming developments. See more here.
TSX-V: DSM OTCQB :DSMTF

LINK TO VIDEO
https://twitter.com/i/status/1406002691806056448


rickydi
72 posts

Posted by rickydi > Jun 23, 2021 3:23 PM | Report Abuse

Deep-South Resources halted at 12:04 p.m. PT

2021-06-23 15:08 ET - Halt Trading

Deep-South Resources Inc. has been halted at 12:04 p.m. PT on June 23, 2021, at the request of the company, pending news.

© 2021 Canjex Publishing Ltd. All rights reserved.


rickydi
72 posts

Posted by rickydi > Jun 25, 2021 9:04 AM | Report Abuse

ORIGINAL: Update on Deep-South Haib Copper Licence Renewal Application
2021-06-25 08:00 ET - News Release
VANCOUVER, BC, June 25, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that further to the meeting yesterday with the Minister of Mines and Energy of Namibia and other Officials of the Ministry of Mines and Energy (the "Ministry"), the Company has received a notice from the Minister confirming that the Company's application for the renewal of its Exclusive Prospecting Licence 3140 (the "Licence") has been refused.
The Company intends to vigorously contest this decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.
As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.

Source: http://www.prnewswire.com/news-releases/update-on-deep-south-haib-copper-licence-renewal-application-301320006.html


rickydi
72 posts

Posted by rickydi > Jun 26, 2021 7:57 AM | Report Abuse

Last 6 trading days DSM volume is 101,411,472

DSMTF last 6 trading days volume is 4,998,601

Deep-South Shares Issued 146,334,700


rickydi
72 posts

Posted by rickydi > Jun 28, 2021 11:47 AM | Report Abuse

https://www.barchart.com/stocks/quotes/DSM.VN/overview

Barchart Technical Opinion WEAK SELL

The market is in highly oversold territory. Beware of a trend reversal


rickydi
72 posts

Posted by rickydi > Jun 29, 2021 9:13 AM | Report Abuse

Looking forward for DSM to recover EPL 3140

My evaluation of the situation is the the Minister of Mines and Energy based his decision only with the briefing of a tire kicker needing a claim of fame.

When the Chairman met with the Minister, the Minister took a lot of notes.

In these countries a Minister take his time before reversing a decision, simply to avoid looking stupid.

On the other hand Namibia sent a strong signal to foreign companies ''spend a lot of money and when we are ready will give you a kick in the butt''. Countries doing that don’t attrack international capital.


rickydi
72 posts

Posted by rickydi > Jul 2, 2021 11:34 AM | Report Abuse

ORIGINAL: Director Sadike Nepela Dies at the Age of 59

2021-07-02 09:36 ET - News Release Summary

Vancouver, B.C., Canada – TheNewswire - July 2, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) announces that Luke Sadike Nepela has passed on after a short illness.

The Board of Directors offers it’s condolences to his wife and family.

The Board acknowledge his dedication as a Director of the Company.

John Akwenye, Chairman of Deep-South stated, "We will miss a very good colleague and for some of us we will miss a very good person and friend “.

Mr. Nepela will not be immediately replaced on the Board of Directors


Complete news available at:
https://www.stockwatch.com/News/Item/Z-C!DSM-3106577/C/DSM


rickydi
72 posts

Posted by rickydi > Jul 9, 2021 12:12 PM | Report Abuse

95% of all shares issued traded since june 17, 2021

DEEP SOUTH RESOURCES INC - http://deepsouthresources.com today

..................Last............Volume
#DSM - V..........0.055..........741,600
#DSMTF - Q.........0.0396..........40,000


rickydi
72 posts

Posted by rickydi > Jul 16, 2021 11:58 AM | Report Abuse

Since june 17, 2021 nearly 100% of the shares issued traded
@ 0.045-0.05¢ the stock tade at cash value per share
At that level we have a strong support

Now we have 3 potential scenarios

1- Namibia renew the license.......NOPE ......The ministry doesn't want to loose face
2- DSM take legal remedies, Win or Loose the International communities will know that Namibia is no longer a friendly location

3- Use working cap to acquire a better deal in a better location

#3 is in the woodwork


rickydi
72 posts

Posted by rickydi > Jul 21, 2021 10:46 AM | Report Abuse

https://www.cia.gov/the-world-factbook/static/b5ac4db93b3379cabced51723dda44c1/WA-summary.pdf

ECONOMY Economic Overview heavily dependent on the extraction and processing of minerals for export; mining accounts for about 12.5% of GDP, but provides more than 50% of foreign exchange earnings; one of the world’s largest producers of uranium.


rickydi
72 posts

Posted by rickydi > Jul 21, 2021 10:48 AM | Report Abuse

https://www.dw.com/en/namibias-president-wants-to-expropriate-land-from-whites/a-45719781

Namibian President Hage Geingob on Monday said he will push forward with expropriating land (owned by white people) and redistributing it to the majority black population in the country.

Namibia sending a bad signal to the white people in the country


rickydi
72 posts

Posted by rickydi > Jul 28, 2021 2:09 PM | Report Abuse

DSM - V..size bid...bid....ask...sizeask....last..............volume
.........1725.0....0.04...0.045...15.0.......0.045..............69.2

Cash Balance, February 28, 2021 $5,431,534

Cash surpport the share price @0.04¢

DSM looking at other opprtunities in safer jurisdiction

Since june 16, 2021 expenses in Namibia = 0.00$


rickydi
72 posts

Posted by rickydi > Sep 1, 2021 10:04 AM | Report Abuse

https://www.stockwatch.com/News/Item/Z-C!DSM-3135225/C/DSM

Deep-South's Haib licence blocked by Namibian court

2021-09-01 09:08 ET - News Release
An anonymous director reports

HIGH COURT OF NAMIBIA INTERDICTS THE MINISTRY OF MINES TO GRANT ANY MINERAL LICENCES OVER HAIB COPPER LICENCE IN NAMIBIA

Deep-South Resources Inc. says that the High Court of Namibia has rendered a decision that interdicts and restrains the Ministry of Mines and Energy of Namibia to grant a mineral licence, including an exclusive and prospecting licence (EPL), in terms of the Minerals Act 1992, to any person or company over the area covered by the Haib copper project -- EPL 3140.

The interdict and restrain order are in force until the final determination of the application to the High Court to review the decision of the Minister to not renew EPL 3140.
The Court will hold another hearing on September 16, 2021, to define the steps forward with regards to the review of the decision of the Minister.


The Company will provide regular updates in this regard and any other matter concerning this situation.

As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study.

The latter was already started. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.
As a result of the Minister's refusal to renew the Licence, the Company has terminated all work on site and has proceeded with the retrenchment of its employees on site.

The Company is vigorously contesting this decision by all means necessary and available under the Minerals (Prospecting and Mining) Act (the "Act") and other applicable laws of Namibia. In its application for renewal and subsequent representations made to the Ministry, the Company maintains that it clearly demonstrated having met all criteria under the Act to justify the renewal of its Licence.

About Deep-South Resources Inc

Deep-South Resources is a mineral exploration and development company Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
We seek Safe Harbor.


rickydi
72 posts

Posted by rickydi > Sep 28, 2021 11:03 AM | Report Abuse

Interview with Pierre Léveillé, President & CEO of Deep-South Resources (TSX-V: DSM)

https://youtu.be/uitRtlZpoNc


rickydi
72 posts

Posted by rickydi > Oct 13, 2021 10:21 AM | Report Abuse

V:#DSM - #DEEPSOUTH RESOURCES INC - http://www.deepsouthresources.com
Symbol--Size-Bid---Bid ----- Ask-------Ask-Size---Last
DSM – V-439.0------0.05-----0.055-----33.0--------0.055

No filing at all from the Ministry
I would be surprised if the Ministry even showup in court
Ministry was well aware that DSM already started full feasibility study.
Furthermore the Ministry issued a drilling permit to DSM and DSM had its drilling team at work on HAIB
Not drilling was the 2nd reason for the Ministry to not renew the EPL
Very simple The Ministry cannot win.
While waiting for the conclusion DSM is actively seeking to add another copper play into DSM and in a safer jurisdiction


rickydi
72 posts

Posted by rickydi > Nov 10, 2021 12:15 PM | Report Abuse

https://www.barchart.com/stocks/quotes/DSM.VN/overview
Barchart Technical Opinion
WEAK BUY
The Barchart Technical Opinion rating is a 8% Buy with a Weakening short term outlook on maintaining the current direction.
https://www.barchart.com/stocks/quotes/DSM.VN/opinion
Snapshot Opinion
________________________________________
Today 8% BUY Yesterday 8% SELL Last Week 24% SELL Last Month 64% SELL
Snapshot Opinion is the Barchart Opinion from the prior trading session (yesterday), 1-week ago and 1-month ago.
These statistics give you a sense of the Overall Opinion trend.
Barchart Opinion
BUY INDICATORS
Composite Indicator

TrendSpotter BUY
Short Term Indicators

20 Day Moving Average BUY

20 - 50 Day MACD Oscillator BUY

20 - 100 Day MACD Oscillator BUY
Medium Term Indicators

50 Day Moving Average BUY

50 - 100 Day MACD Oscillator BUY
Long Term Indicators

100 Day Moving Average BUY

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