Looking at their financials, total revenue for 2020, 2021 and 2022 is $0. Does that match your information? Or am I missing something?
Financing + market awareness program to begin https://www.deepsouthresources.com/...e-264000-of-a-non-brokered-private-placement/ Deep-South will close $264,000 of a non-brokered private placement Vancouver, B.C., Canada – September 20, 2022 – Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $264,000. The offering will comprise up to 15 million units at $0.05 per unit for a total of up to $750,000. Each Unit will consist of one (1) common share and one half (1/2) of one common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to purchase one (1) common share at an exercise price of $0.10 for thirty-six (36) months from the date of closing of the private placement. Each security issued has a mandatory four (4) month hold period from the date of closing of the placement. The Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval. The proceeds of the private placement will be used for further exploration on the projects in Zambia and for general working capital
Understood! But it's the zero revenue over multiple years that concerns. If exploration had been at all successful during that time period, wouldn't at least some revenue have been generated? The term I hear used to describe exploration or other developmental or research companies that have not yet generated ANY revenue (or none for 2-3 years or more, assuming past revenue) is "burning money".
https://www.kitco.com/news/2022-09-21/Copper-s-price-will-more-than-double-due-to-elevated-demand-and-green-technology-Rob-McEwen.html Copper's price will more than double due to elevated demand and green technology - Rob McEwen Cornelius ChristianWednesday September 21, 2022 10:11 (Kitco News) - The price of copper, currently trading near $3.50 per pound, could skyrocket to "$6 or $8" on the back of heightened demand, said Rob McEwen, Chairman of McEwen Mining. "The world wants to electrify the energy transition," said McEwen. "When you read all the projections of auto manufacturers increasing their electric vehicle production lines… there is not enough copper right now to satisfy that demand." BloombergNEF's energy research recently found that, given the trends towards decarbonization, copper demand will rise by more than 50 percent by 2040. However, whether copper mining can keep up with demand is uncertain. "It takes longer to build copper mines today," McEwen explained. "There's more permitting required, longer lead times, and the capital is going up… you're talking about a decade, almost." McEwen spoke with David Lin, Anchor and Producer at Kitco News, at the Precious Metals Summit in Beaver Creek, Colorado. Copper Economics Although copper is down 20 percent year-to-date, its price has risen 20 percent over the past five years. In the late nineties, copper traded below $1 per pound, more than half its present-day value. "You had rapid urbanization taking place in Asia," said McEwen, explaining the price increases. "China was the largest consumer of all metals in the last five or six years." He also pointed to adoption of "regenerative energy technologies" like windmills, which use "1,500 pounds of copper." McEwen added that it is difficult to find substitutes for copper. "Maybe someone's going to come up with a nanotechnology that has the same properties [as copper]," he suggested. "That's a bit of a way off." Fed policy The Federal Reserve's Open Market Committee is meeting on Wednesday to decide on a rate hike. McEwen predicted that they would hike rates by 75 basis points. He added that inflation cannot be tamed with "interest rates as low as they are." "[In the] late Seventies, it took 15 to 18 percent interest rates to tame inflation," said McEwen. The Fed has raised its key interest rate by 225 basis points over the year, but McEwen said that "there are a lot of factors" at play. "The amount of monetary stimulation that has taken place in the last few years and the amount of debt that's accumulated at all levels ensure that we're going to have higher rates of inflation," he said. "It's being compounded by the conflict of Russia in the Ukraine, and COVID came along and disrupted supply chains."
https://www.bnnbloomberg.ca/video/d...ture-provides-a-rare-edge~1388158?jwsource=cl Deep-South Resources’ unique shareholder structure provides a rare edge Pierre Leveille, President, CEO & Director of Deep-South Resources, interviewed on Market One Minute by Hannah Bernard.
Money raised for exploration and market awareness Deep-South Resources closes $392,000 private placement 2022-09-30 10:28 ET - News Release An anonymous director reports DEEP-SOUTH RESOURCES HAS CLOSED $392,000 NON-BROKERED PRIVATE PLACEMENT Deep-South Resources Inc. has closed its non-brokered private placement for an amount of $392,000. The Offering comprised 7.84 million units at a subscription price of five cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one common share at an exercise price of 10 cents for 36 months from the date of closing of the private placement. Each security issued has a mandatory four-month hold period from the date of closing of the placement. The company did not pay any finders. The funds will be used to further exploration of the projects in Zambia and for general working capital. 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 projects, Deep-South embraces the green revolution. We seek Safe Harbor. © 2022 Canjex Publishing Ltd. All rights reserved. 2022-09-20 14:57 ET - News Release An anonymous director reports DEEP-SOUTH WILL CLOSE $264,000 OF A NON-BROKERED PRIVATE PLACEMENT Deep-South Resources Inc. will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $264,000. Total raised 656,000$
Deep-South Resources’ unique shareholder structure provides a rare edge Pierre Leveille, President, CEO & Director of Deep-South Resources, interviewed on Market One Minute by Hannah Bernard. https://www.bnnbloomberg.ca/video/d...ture-provides-a-rare-edge~1388158?jwsource=cl
TSXV-DSM/technicals/ Summary Buy.....................................Buy13 Neutral9 Sell4 Oscillators Buy...................................Buy3 Neutral8 Sell0 Moving Averages Strong Buy............Buy10 Neutral1 Sell4
What?!?! When I go to Tradingview.com is shows: 1 Buy 10 Neutral 15 Sell Am I missing something? It also shows: Summary: Sell Moving Averages: Strong Sell
DEEP-SOUTH UPDATES COPPER EXPLORATION PROJECTS IN THE HEART OF THE ZAMBIA COPPER BELT 2022-10-18 09:00 ET - News Release VANCOUVER, BC, Oct. 18, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) provides projects update on the exploration programs on the exploration licences in Zambia. On July 6, 2022, Deep-South announced the closing of an option agreement to acquire up to an 80% undivided interest in three copper Large Scale Exploration Licences (the "Licences") in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-to-acquire-up-to-80-of-three-copper-exploration-licences-in-the-heart-of-the-zambia-copper-belt-2/0) Recent Highlights: Environmental projects Briefs filed and awaiting approvals 3,627 geochemical soil samples planned Update on the projects: Deep-South has filed with the Zambia Environmental Management Agency ("ZEMA") Project Environmental Briefs ("EPB") for each licences on July 21, 2022. We are awaiting the approval of ZEMA in order to start sampling programs on the licences. A sampling contractor will be appointed by October 18, 2022 and will be in a position to start the work program upon approval by ZEMA The program: The program consists of geochemical soil sampling on each licence with the aim to identify anomalies and define drilling targets. Luanshya WestProject (licence 23246): The licence is situated in the center of the Zambian Copper belt and covers 5,423.26 hectares (54.24 Sq. Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the Democratic Republic of Congo (the "DRC") are located. Some 850 soil samples and some geophysical data were collected over the subject property by Teal (a subsidiary of African Rainbow Minerals Ltd) between 2007 and 2009. Those have enabled to identify at least four large anomalies. The program consist of 820 soil samples collected in an identical manner to the original Teal's sampling program. The sampling grid will be 500 x 100 metres. The program will be completed in about 30 days. The project area is close to established copper / cobalt mines with Chibuluma mine some 35Km to the north-east, Chambishi mine 41Km north-northeast, N'changa mine 53Km north-northwest and Luanshya mine some 40Km east-southeast from the centre of the project area. A National Instrument 43-101 Standards of Disclosure for Mineral Projects ("43-101") compliant technical qualifying report is available on SEDAR at www.sedar.com under Deep-South's profile or on the Company's web site: www.deepsouthresources.com Chililabombwe Project (licence 23247): The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The program consist of 132 soil samples on a grid of 500m by 100m. It has been designed to search for copper anomalies using a soil-geochemistry survey, particularly termite mounds sampling will be employed on this grid. Mpongwe Project (licence 23248). The licence is situated in the center of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The program consist of 2,675 soil samples on a grid of 500m by 100m. It has been designed to search for copper anomalies using a soil-geochemistry survey. No Mineral Resources have been estimated on these projects as they have not demonstrated economic viability at this stage. The historical geophysical survey and sampling results demonstrate potential to classify the Luanshya West project as one of merit but are considered too speculative geologically to complete a NI 43-101 compliant resource estimation at this time and it is uncertain that those historic results will be converted into minerals resources. Qualified Person Vivian Suart-Willams MSc (Hons.) Pr.Sci.Nat., Vice-President Exploration of Deep-South Resources, has reviewed the technical content of this presentation, and is the designated Qualified Person under the terms of National Instrument 43-101. Mr. Stuart-Williams is responsible for the technical part of this press release.
Deep-South diversifying to meet copper demand With three large new exploration licenses in the heart of the Zambian Copperbelt, the company is ready for the future https://financialpost.com/sponsored/business-sponsored/deep-south-diversifying-to-meet-copper-demand
ORIGINAL: DEEP-SOUTH STARTS SOIL SAMPLING ON THE ZAMBIAN PROJECTS 2022-11-09 09:00 ET - News Release VANCOUVER, BC, Nov. 9, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces that the Environmental Project Briefs ("EPB") submitted to the Zambia Environmental Management Agency ("ZEMA") have been approved. The team started mobilizing on Tuesday November 8 and will start the soil sampling program on the three licences. The program: The program consists of geochemical soil sampling on each licence with the aim of identify anomalies and defining drilling targets. Luanshya West Project (licence 23246): The licence is situated in the center of the Zambian Copper belt and covers 5,423.26 hectares (54.24 Sq. Km). The project prospectivity is based on the location of the property over the unconformable contact between the basement granites and the Lower Roan Group sediments where most copper belt mines in both Zambia and the Democratic Republic of Congo (the "DRC") are located. Historically, some 850 soil samples and geophysical data were collected over the property by Teal (a subsidiary of African Rainbow Minerals Ltd) between 2007 and 2009. This data has enabled DSM to identify at least four large anomalies. The goal of the sampling program is to generate new geochemical data (verify the old data) and to delineate drilling targets over the anomalies identified. The program consists of 820 soil samples collected in an identical manner to the original Teal sampling program. The sampling grid will be 500 x 100 metres, duplicating the old grid with the addition of some extra samples in areas not previously sampled (holes in the grid). The program will be completed in about 30 days. The project area is close to established copper / cobalt mines with Chibuluma mine some 35Km to the north-east, Chambishi mine 41Km north-northeast, N'changa mine 53Km north-northwest and Luanshya mine some 40Km east-southeast from the centre of the project area. A National Instrument 43-101 Standards of Disclosure for Mineral Projects ("43-101") compliant technical qualifying report is available on SEDAR at www.sedar.com under Deep-South's profile or on the Company's web site: www.deepsouthresources.com Chililabombwe Project (licence 23247): The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km). The project prospectivity is based on the location of the property over the unconformable contact zone between the basement granites and the Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The program consists of 132 soil samples on a grid of 500m by 100m. The soil-geochemistry survey should locate any copper anomalies within the area. In this particular area, due to their abundance, termite mounds will be sampled rather than digging sample holes. This is because termites bring material to the surface from considerable depth and therefore generate a deeper sampling profile. Mpongwe Project (licence 23248). This licence is situated in the center of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km). The project is considered prospective as it is again located over the unconformable contact zone between basement granites and the Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The program consists of 2,675 soil samples on a grid of 500m by 100m. It has been designed to search for copper anomalies using a soil-geochemistry survey. Qualified Person Vivian Suart-Willams MSc (Hons.) Pr.Sci.Nat., Vice-President Exploration of Deep-South Resources, has reviewed the technical content of this presentation, and is the designated Qualified Person under the terms of National Instrument 43-101. Mr. Stuart-Williams is responsible for the technical part of this press release
DSM is a buy..........see by yourself https://www.barchart.com/stocks/quotes/DSM.VN/opinion https://www.tradingview.com/symbols/TSXV-DSM/technicals/
Gernman interview at the mining show Deep-South Resources Inc. (TSX-V: DSM; Frankfurt: DSD; WKN: A2DGWF; ISIN CA24378W1032) is a Canadian exploration company focused on the exploration and development of high-quality mineral properties in Africa. Deep South Resources is all about copper: According to forecasts, the base metal will experience increasing demand in the future due to technological advances (especially in the areas of e-mobility and energy storage) and at the same time a widening supply gap, accompanied by a corresponding increase in value. The main project "Haib" came to a temporary standstill in the summer of 2021 because a licensing issue required legal clarification. A ruling from the Supreme Court in Namibia is expected in November 2022. The current PEA study certifies the project's solid economic viability, and a feasibility study has already been initiated. Additional copper projects in Zambia are currently being explored.
IMPROVED OUTLOOK https://www.barchart.com/stocks/quotes/DSM.VN/opinion Snapshot Opinion Yesterday 24% BUY Last Week 8% BUY 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.
