The team is ready for work https://www.deepsouthresources.com/ The mission: Deep-South Resources is a mineral exploration and development company. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties in Africa. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries. https://www.deepsouthresources.com/investors/news-releases/ Deep-South appoints Ally Angula as director Mrs. Angula is a Namibian citizen and is a Chartered Accountant with extensive background in accounting and business management in Namibia. She is the principal founder of The CFO Namibia a Chartered Accountancy and Financial Advisory firm. She was previously Deputy Executive Director of the Ministry of Finance in Namibia and she was also engaged by the Ministry of Finance to reform Financial Reporting for the Government of Namibia. She also chairs the Audit and Risk Committees of the following Boards: Bank of Namibia (Namibia’s Reserve Bank). She has received awards and she is fellowship of the World Economic Forum Young Global Leader, Deep-South Appoints Dr Martinez Bellange as Special Advisor on Bio Leaching Dr. Patricio Martinez Bellange as a Special Advisor on bio assisted leaching and mining. Dr. Martinez was Director of Hydrometallurgical and Biotechnological Processes at CodelcoTech, a technological subsidiary of Codelco, the largest copper mining company in the world. Deep-South appoints the CSIRO of Australia to conduct the bio assisted heap leaching test work DSM 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. Deep-South appoints Knight Piésold to produce scoping studies on the Haib Copper project in Namibia Deep-South Resources Inc.announced that it has appointed Knight Piésold Consulting to conduct scoping studies and assessments on the Haib Copper Project in Namibia. Knight Piésold has extensive experience in environmental, bulk water supply, power, and heap leaching projects in Namibia and Southern Africa. Deep-South appoints METS engineering of Australia to conduct metallurgical test work 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.
20 Day Moving Average...............BUY 20 - 50 Day MACD Oscillator.......BUY 50 Day Moving Average...............BUY
V:#DSM - #DEEPSOUTH RESOURCES INC - http://www.deepsouthresources.com 09:39:24 EDT Symbol--Size-Bid---Bid ----- Ask-------Ask-Size---Last DSM – V-439.0------0.05-----0.055-----23.0--------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
DSM still have 2.5M in working cap Ready to do a JV on an exciting copper property in a safe jurisdiction
Copper Bull Market Copper spot price------October 15,07:59 Bid-----------Ask---------Change--------%--------Low--------High 4.6808-----4.6826-----+0.1305------+2.87-----4.4865----4.6827 https://www.barchart.com/futures/quotes/HGZ21/overview Barchart Trading Guide..........BUY SIGNAL 0-100Current Strength Maximum 0-100Current Direction Strongest
In just the last two days, we have seen copper shoot up $0.24 alone. We haven't seen prices like this since the highs back in May/June. How long do you think this rally will last?
So I think the 10th was the day the ministry had to file their paperwork with the court, which would then allow DSM up to the 21st to review and counter file. Then, on the 28th the court seeing the basis from both parties in front of them, would decide on how they want to go forward. If indeed there is no defense of their decision by the ministry, I find it hard to believe the court would then support the decision to deny the permit. Could be part of the face-saving process the ministry is looking to employ. We did our job....blame the court!! Bureaucrats!!!
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 16:15:13 EDT Sym......Bid ......Ask........Last.......Chg..........Vol DSM ....0.07......0.075....0.075.....+0.015......1,506.4 DSMTF ..........................0.0571....+0.0121....158.6
VSM - DEEP SOUTH RESOURCES INC - 09:18:27 EDT Sym-X........Bid -.......Ask.........Last (yesterday) DSM - V....0.075....0.075........0.07
https://www.barchart.com/stocks/quotes/DSM.VN/cheat-sheet 0.136¢ target price Fibonacci 38.2% Retracement From 52 Week Low
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 10:35:50 EDT Sym-X ….Bid .... Ask......Last.....Chg……..Vol DSM .....0.085...0.09.....0.09….+0.02…...429.5
PR ORIGINAL: High Court of Namibia orders the Ministry of Mines to file further documents with the Court before November 11, 2021 2021-11-02 10:30 ET - News Release VANCOUVER, BC, Nov. 2, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSX-V: DSM) reports that at the Court hearing on October 28, 2021, the High Court of Namibia ordered the Ministry of Mines and Energy of Namibia ("Ministry") to complete its filing of the documents supporting the decision of the Minister to refuse the Haib Copper licence renewal before November 11, 2021. The Ministry proceeded with a first filing on October 21, 2021 but it was not complete and did not include any documents directly related to the decision of the Minister to deny the renewal of the Haib Copper licence. The Court will hold another hearing on November 11, 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 upgradedPreliminary 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.
https://www.tradingview.com/symbols/TSXV-DSM/technicals/ DEEP SOUTH RESOURCES INC 0.085CAD DSM technical analysis Oscillators………….…BUY…………………...….0Sell….9Neutral…...2Buy Summary……………...BUY……………………...0Sell...10Neutral........6Buy Moving Averages….STRONG BUY…….....…...0Sell....1Neutral……..14Buy
VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 09:05:55 EDT Bid ........Ask..........Last 0.08.......0.08..........0.07
London Metal Exchange Tries to Bring Order to Copper Market The London Metal Exchange is trying to make sure it can still meet demand for copper. Bloomberg's Jack Farchy reports. (Source: Bloomberg) 20 oct. 2021
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.
Excellent PR https://www.stockwatch.com/News/Item/Z-C!DSM-3167241/C/DSM Deep-South notes filing extension for Ministry of Mines 2021-11-12 11:02 ET - News Release HIGH COURT OF NAMIBIA ORDERS THE MINISTRY OF MINES TO FILE FURTHER DOCUMENTS WITH THE COURT NO LATER THAN NOVEMBER 18, 2021 At the court hearing on Nov. 11, 2021, the legal counsel of the Ministry of Mines and Energy of Namibia requested an additional week to complete its filing of the documents supporting the decision of the Minister to refuse the copper licence renewal for Haib Minerals, Deep-South Resources Inc.'s fully owned subsidiary. The High Court of Namibia granted the Ministry the requested time to complete the filing. Deep-South's legal counsel will have ten court days to review the documents of the Ministry and decide if the Applicant Haib Minerals will supplement its affidavit and supporting documents. Furthermore, Haib Minerals legal counsel in a status report also requested the court to issue an Order to facilitate a fair and expeditious determination of the Haib Minerals original application to review the decision of the Minister. The Court will hold another hearing on November 25, 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. Corporate update While recuperating Haib Copper mineral rights remains a top priority, Management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The Company will provide an update on the matter in due course. The Management is determined to develop Deep-South as a developer of important copper projects. Notes on the Court application to review the decision of the Minister to not renew the Haib Copper 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 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.
DEEP SOUTH RESOURCES...........DSM.V The market is approaching oversold territory. Be watchful of a trend reversal. Key Turning Points Daily 3rd Resistance Point...........0.080 2nd Resistance Point..........0.075 1st Resistance Point...........0.070 Last Price............................0.060 1st Support Level................0.060 2nd Support Level...............0.055 3rd Support Level................0.050 Key Turning Points 52 week 52-Week High............0.300 Fibonacci 61.8%........0.199 Fibonacci 50%...........0.168 Fibonacci 38.2%........0.136 Last Price...................0.060 52-Week Low.............0.035
