Smart move from DSM The application also seeks an urgent interdict aimed at preventing the Ministry of Mines and Energy of Namibia ("Ministry") from granting a licence over the same licence area to anyone else. The Minister of Mines has no other choice but to meet with John H. Akwenye, Chairman, Director
DSM - V......size bid......bid..........ask.......size ask.........last..............volume ..................1725.0.......0.04........0.045.........15.0...........0.045..............69.2
https://smallcaps.us/high-level-mee...lated-to-renewal-of-license-for-haib-project/ Deep-South was on track to deliver on all of the planned requirements to move the project forward until an unexpected setback was reported last week. If you haven’t sold your shares yet, consider holding on to them, as the price has dropped dramatically. It is important to remember that the Company isn’t dead. It has several millions of dollars in the bank, with which it can acquire and develop other properties while the Haib issue is being handled in court. Smallcaps Recommendation: HOLD. You may consider to average down to benefit from the next up leg
Sym-X-------Size bid----Bid -----Ask-----Size ask-------Last DSM - V------389.0-----0.045-----0.05------144.0----------0.045
Deep-South Receives DTC Eligibility in the US 2021-08-13 08:45 ET - News Release VANCOUVER, BC, Aug. 13, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that it has received Depository Trust & Clearing Corporation ("DTC") eligibility, making the Company's securities more accessible to US investors. The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, trading under the symbol "DSMTF" and Cusip # 24378W103 in the United States, are now eligible to be electronically cleared and settled through the DTC and is therefore considered "DTC eligible". This electronic method of clearing securities accelerates the settlement process for investors and brokers. "We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth," said Pierre Leveille, CEO of Deep-South. "Deep-South's stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our global investor base." View original content to download multimedia https://www.prnewswire.com/news-rel...ives-dtc-eligibility-in-the-us-301355014.html
Something cooking Complete silence radio is a bullish news The court file in Namibia is ready. The file has 2 aspects (1) DSM was 100% compliant to Mining rules and regulations from the country (2) Court approval to prevent the ministry to grant EPL 3140 to any other applicant. The most important fact is that DSM has 4,000,000$ in working cap. Knowing management i think they are evaluating other copper prospects in better jurisdiction
https://smallcaps.us/deep-south-lau...gh-court-to-restore-license-for-haib-project/ DEEP-SOUTH LAUNCHES FORMAL LEGAL CHALLENGE IN NAMIBIAN HIGH COURT TO RESTORE LICENSE FOR HAIB PROJECT Arule of thumb for the junior mining sector is to expect the unexpected. It is typical for a junior to encounter challenges along the path to advance a project. Deep-South Resources Inc. (CASM – $0.05, USSMTF – $0.03, GERSD – €0.02) has been able to deliver exceptional results in the early phases of its plan to establish the Haib copper deposit as a viable candidate to restore mining operations. The setback reported last month to deny the license EPL 3140 renewal certainly came as a surprise. Even so, Deep-South correctly handled the situation by promptly reporting the news and then requesting an urgent meeting with officials from the Namibian Ministry of Mining. However, the decision was unfavorable and the license renewal was not secured. Deep-South reluctantly opted to halt the various work in process. This week, the Company has issued another update indicating that the fight to restore its mining license continues. Deep-South has announced that it has instructed its Namibian legal representatives to file a formal application with the High Court of Namibia to review the decision of the Ministry of Mines and Energy that previously denied the license renewal. The Company also seeks a court decision to restrict the issuance of a license for the Haib project to any other applicant in the interim. Deep-South is working with a highly respected law firm and may also consider international legal options to pursue its interests. Circumstances Outlined by Deep-South Suggest the Presentation of a Strong Case Deep-South has thrown down the gauntlet, demonstrating its intention to pursue all legal remedies to restore the Haib project status to a fully licensed and permitted mine development candidate. One of the positive aspects to this project that initially attracted the Company to acquire the property is that Namibia is considered a jurisdiction that is favorable for stable property rights and is supportive of mining activity. Protections exist to resolve disputes within a clearly defined framework of laws. This application to involve the High Court is a powerful option to gain redress for what appears to be an error of policy in the decision rendered by the Ministry of Mining and Energy. Of note, in addition to the Minister of Mining and Energy, Orange River Exploration and Mining C.C. (Orange River) is formally named in the application. Deep-South contends that Orange River had applied for an Exclusive Prospecting License for the area including the Haib deposit on November 12, 2020. This appears to be a conflict as Deep-South had already been granted the Prospecting License for the project at that time, in addition to receiving permitting for the exploration program. Perhaps the most obvious injustice regarding this situation is that one of the grounds presented to justify the denial of the license renewal was that a Pre-Feasibility Study had not been launched. The Company counters that an upgraded Preliminary Economic Assessment had commenced instead along with a full Feasibility Study. This too had been effectively communicated to the Ministry of Mines and Energy prior to its decision. No previous objection had been expressed to any of the progress updates reported by Deep-South during the process. Conclusion Deep-South has proceeded correctly to advance its operations in compliance with the terms of the Haib license EPL 3140. When this critical renewal was denied, the Company also acted promptly to formally present its case in objection to the decision. Deep-South has now launched a formal court process to protect its interest in the project. The Company remains steadfast that it has entirely performed according to the conditions required under the license terms and therefore it expects a reversal of the setback that was announced in June. Deep-South has invested a significant amount of money and achieved notable results along the way to advance the project. It should also be highlighted that in addition to a formal legal process to address this situation, the Company also has high-level contacts in Namibia that are also advocating to see the Haib project restored to good standing under control of Deep-South. With a strong management team in place and the commitment expressed to carry on despite unexpected challenges that hold the future of the project in doubt, Deep-South remains confident that it will resolve the impasse and gain a favorable court decision. Moreover, the Company is also reviewing other attractive mining projects to provide more balance and diversification of its interests. As a result, another high quality exploration prospect may be secured as this process moves forward to resolve the impasse at Haib. The share price appears to have found a base that represents enormous value in the event that the Company is successful to re-establish its license for the Haib project. Thereafter Deep-South would be positioned to rapidly regain momentum and carry on with its business plan to resume a productive copper mine at the historic project. Regular updates shall be issued as this process continues. Smallcaps Recommendation: HOLD. Smallcaps.us Advice: Buy Price Target: $0.67 TSX-VSM Price: 0.05 CAD Market Cap: $7.32 m
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 13:15:45 EDT Sym-X......size ....Bid........Ask.....size.........Last......Chg........%Ch.....Vol...........$Vol........#Tr DSM - V 711.0...0.055.......0.06...267.0.......0.06......+0.01.........20.0....2,702.7......159.........123
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 17:05:14 EDT Sym-X...Size Bid.....Bid.... Ask.......Ask Size....Last.....Ch.....%Ch.........Vol DSM ......10.00.........060......065.......122.0..........0.06...+0.01....20.0......4,129.8 QSMTF - DEEP-SOUTH RESOURCES INC - http://www.deepsouthresources.com Last..........Chg..........%Ch...........Vol 0.0445....+0.0042........10.4.........426.7
Something cooking DSM is alive again VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 14:02:44 Sym-X Bid size- --Bid ----Ask -----Ask Size -.Last…....Chg----------Vol DSM - V 127.0-....-0.07--0.075-...-30-...........0.07.......+0.01........624.1
https://www.barchart.com/stocks/quotes/DSM.VN/opinion TrendSpotter..................BUY 20 Day Moving Average BUY 20 - 50 Day MACD Oscillator BUY 50 Day Moving Average......... BUY
https://www.stockwatch.com/News/Item/Z-C!DSM-3143878/C/DSM ORIGINAL: High Court of Namibia Orders the Ministry of Mines to File Documents with the Court Before October 10, 2021 2021-09-24 08:10 ET - News Release VANCOUVER, BC, Sept. 24, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the Court hearing on September 16, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia to file the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal. After the filing of the Ministry's documents, Haib Minerals (the subsidiary of Deep-South holding the licence) will have until October 21, 2021 to supplement or amend its own documents filed on July 20, 2021. The Court will hold another hearing on October 28, 2021, to define the further procedures 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 at the time of the refusal. 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 terminated all work on site and proceeded with the retrenchment of its employees on site. The Company is vigorously contesting the 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.
Pierre Lassonde: A "renaissance" is coming for this asset, demand will triple https://www.kitco.com/news/2021-09-...coming-for-this-asset-demand-will-triple.html
Ministry complaint renewal of its EPL (exclusive and prospecting licence) had been denied, citing the company's inability to advance the EPL to prefeasibility and complete the proposed drilling program as planned. DSM FACTS 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 (PEA) and commencement of a full feasibility study. The latter (FULL FEASIBILITY) was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and is well aware that Deep-South has completed the drilling program.
Source : Copperking102 #DSM #DSMTF #DEEPSOUTH http://www.deepsouthresources.com/ I suspect in the end there will be a settlement of some sort. Givin the timeline this project has been simmering, things in the mining space have changed. A decade or two ago, undeveloped countries were happy just to get investment in. Now, Africa, South America, also want an a $% of the project as they feel it's their country's resource. In reality, they're not wrong. Problem here was 10-15 years ago, that wasn't the deal. So right about now, as this thing has a real chance to blossom, the government hammer comes down to get their share. In Burkino-Faso, right up front they're 10% partners in any project being born. Let's cut them a deal and move on with our lives. Ultimately you still need to work with them so it's better to have them on your team!!
DSM / Leveille / Akwenye have a lot of friends around PM.+ Mining Chamber... The situation made a lot of noises in the public space. So far DSM filed 1,500 pages of documents Ministry file 0 document Minister of Mines knows he has no case Before year end there is a high probability for DSM to recover HAIB For now DSM is doing DD on copper deals available in JV or Earn in. If pricing is right a deal will be coming very, very soon, Stock price may gap to where it was .....0.20-0.30¢ range
