DEEP SOUTH RESOURCES - OTC: DSMTF TSX.V: DSM

Discussion in 'Penny Stocks' started by Rickydi, Mar 16, 2021.

  1. Rickydi

    Rickydi Member

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    3 Key players for a major power play


    John H. Akwenye, Chairman, Director

    Mr. Akwenye is a Namibian retired lawyer with over 30 years of experience in business development in Namibia. From 1994 to 2008, he was Chairman of Guinas Investents (PTY) Ltd a Swapo owned investment company. He has been chairman of the Namibian Airports Company from 2001 to 2004. He is Director of Corporations such as Areva Resources Namibia and PE Minerals and he his currently Chairman of Deep-South Mining Company (PTY) Ltd and Director of Haib Minerals (PTY) Ltd.

    Pierre Léveillé, President & CEO, Director

    Mr. Léveillé has over 28 years of experience in the International financial sector and 20 years of experience in the mining exploration industry. Mr. Léveillé has started is career as an Investment Advisor and an Investment Banker with a large Canadian Securities brokerage firm. From the mid 1990’s to today, he has been Executive and Director of several exploration companies active in Africa. He has financed and managed exploration projects in Namibia since 1996 including the acquisition and operation of a diamond mine. He has realized over US$ 75 million in transactions and financing for Namibian and African mining exploration projects.

    Chad Williams, Director for DSM

    Mr. Williams has an extensive background in capital markets and business management. He is the founder and Chairman of Red Cloud Mining Capital Inc., serves on the board of Blue Thunder Mining Inc., Golden Tag Resources Ltd., Karora Resources Inc., and Honey Badger Silver Inc. He was one of the founders of Agilith Capital Inc. as well as Westwind Capital Inc. He previously held the positions of CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc. and was a top-ranked mining analyst at TD Bank and other Canadian brokerage firms. Mr. Williams holds both a P.Eng in Mining and an MBA from McGill University, Montreal.
     
  2. Rickydi

    Rickydi Member

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    ORIGINAL: Deep-South Files Applications with High Court of Namibia Concerning Haib Copper Licence Refusal

    2021-07-21 10:27 ET - News Release

    VANCOUVER, BC, July 21, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that the Namibian legal counsel of the Company and its subsidiary, Haib Minerals (Pty) Ltd ("Haib"), have filed an application on behalf of Haib with the High Court of Namibia for an order reviewing the decision of the Minister of Mines and Energy ("Minister") refusing the renewal of Haib's licence EPL 3140 ("Licence") covering the Haib Copper project in Namibia. 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 respondents to the Affidavit are the Minister of Mines and Energy, the Mining Commissioner and Orange River Exploration and Mining CC. Orange River is cited due to its possible interest in the matter since it applied for an Exclusive Prospecting Licence extending over the Haib Copper deposit on November 12, 2020.

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

    The Company intends to vigorously contest the Minister's decision by all means necessary and available under the applicable laws of Namibia and international laws. The Company maintains that in its application for renewal and subsequent representations made it clearly demonstrated having met all criteria under the Minerals (Prospecting and Mining) Act 1992 and licence conditions 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 Licence had been denied citing the Company's inability to advance the Licence 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 (PFS) study to an upgradedPreliminary Economic Assessment (PEA) and the commencement of a full Feasibility Study (FS). The latter was already commenced with at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and officials were well aware that Haib had completed the drilling program at the time of the refusal to renew.

    As a result of the Minister's refusal to renew the Licence, the Company has terminated all work on site and regrettably proceeded with the retrenchment of its employees on site.

    The Company is also investigating its international legal options and will disclose its strategy in due course.

    Company development

    Recovering the rights of Haib Copper remains the number one priority of the Company. However, Management of Deep-South was already looking at other projects before the situation arose with the Haib licence. It is important to carry on with the development of the company and start again adding value for shareholders. Our team is currently evaluating projects. We have identified copper and gold exploration projects that have the potential for world class discoveries and resources. We will keep our shareholders informed timely of any new developments.
     
  3. Rickydi

    Rickydi Member

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    DSM- DSMTF ready to travel to a better location to do a DD on a gold prospect with 4 million gold ounces non 43-101
     
  4. Rickydi

    Rickydi Member

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    Court may order the Ministry of Mines and Energy not to grant DSM license to another company until the case proceed with the High Court.
    Too bad for the Minister of Mines
    Good for DSM to look at other deals in better countries.
     
  5. Rickydi

    Rickydi Member

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

    Cash support the share price @0.04¢

    DSM looking at other opportunities in safer jurisdiction

    Since June 16, 2021 expenses in Namibia = 0.00$
     
  6. Rickydi

    Rickydi Member

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    https://confidentenamibia.com/retrenchments-hit-haib-project/

    The Ministry of Mines has denied its EPL renewal citing Deep-South’s inability to advance the EPL to prefeasibility study (PFS) stage and to complete the proposed drilling programme as planned.

    However, in a statement, Deep-South points out that it kept the ministry well apprised, with no objection on its part, of a proposed change from the PFS to an upgraded preliminary economic assessment, as well as the start of a full feasibility study.

    Further, Deep-South says the Ministry of Mines and Energy issued all permits required for the drilling programme and is “well aware” that the company has completed the programme.

    Confidente reported last week that Deep-South had said that it has demonstrated to Alweendo that, during the past two tenures (from April 2017 to April this year), it invested N$23 million with the completion of, besides other elements, a National Instrument 43 101 resource estimation, a PEA, a large 2t sampling and bio heap-leach test, geological mapping, modelling and an upgraded PEA.

    A classic case of a Ministry lacking business intelligence
     
  7. Rickydi

    Rickydi Member

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    Expect a major PR this week
    A homerun
    A [​IMG]
     
  8. Rickydi

    Rickydi Member

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    Deep-South Appoints Ally Angula as Director '''''''''''''WOW'''''''' A TOP GUN

    2021-08-05 09:12 ET - News Release

    VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the "Company") (TSXV: DSM) announces the appointment of Mrs. Ally Angula as an independent Director in replacement of Mr. Sadike Nepela deceased in June 2021.

    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 is also the Co-founder and Managing Director of Leap Holdings (Pty) Ltd. 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. Prior to this she was Partner at KPMG in Namibia for seven years and she was also External Audit Partner with clients spanning over a wide spectrum of Industries. She currently serves on the Boards of Oryx Properties Limited (Vice Chairperson), Pupkewitz Holdings (Pty) Ltd and Nabo Holdings. She also chairs the Audit and Risk Committees of the following Boards: Bank of Namibia (Namibia's Reserve Bank,)Rossing Uranium Limited and Oryx Properties (PTY) Ltd. She has received awards and she is fellowship of the World Economic Forum Young Global Leader, Dangote Fellow and Archbishop Desmond Tutu Fellow. She holds a Bacc. From University of Namibia and a Bcom from University of Natal from South Africa.

    Mr. John Akwenye, Chairman of Deep-South stated that: "We are very proud to have Mrs. Angula joining our Board of Directors. Her appointment is a very strong move into the development of the company. Mrs. Angula brings a wealth of knowledge and experience in the Namibian business as well as a serious guidance during the current situation of the Company. Her vast experience and qualifiquations add considerable strength to Deep-South."
     
  9. Rickydi

    Rickydi Member

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    Deep-South Appoints Ally Angula as Director '''''''''''''WOW'''''''' A TOP GUN

    2021-08-05 09:12 ET - News Release

    VANCOUVER, BC, Aug. 5, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the "Company") (TSXV: DSM) announces the appointment of Mrs. Ally Angula as an independent Director in replacement of Mr. Sadike Nepela deceased in June 2021.

    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 is also the Co-founder and Managing Director of Leap Holdings (Pty) Ltd. 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. Prior to this she was Partner at KPMG in Namibia for seven years and she was also External Audit Partner with clients spanning over a wide spectrum of Industries. She currently serves on the Boards of Oryx Properties Limited (Vice Chairperson), Pupkewitz Holdings (Pty) Ltd and Nabo Holdings. She also chairs the Audit and Risk Committees of the following Boards: Bank of Namibia (Namibia's Reserve Bank,)Rossing Uranium Limited and Oryx Properties (PTY) Ltd. She has received awards and she is fellowship of the World Economic Forum Young Global Leader, Dangote Fellow and Archbishop Desmond Tutu Fellow. She holds a Bacc. From University of Namibia and a Bcom from University of Natal from South Africa.
     
  10. Rickydi

    Rickydi Member

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    Sym-X-------Size bid----Bid -----Ask-----Size ask-------Last

    DSM - V------389.0-----0.045-----0.05------144.0----------0.045
     
  11. Rickydi

    Rickydi Member

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    New bull run coming
     
  12. Rickydi

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    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."

    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 projects, Deep-South embraces the green revolution.

    [​IMG] View original content to download multimedia:https://www.prnewswire.com/news-rel...ives-dtc-eligibility-in-the-us-301355014.html
     
  13. Rickydi

    Rickydi Member

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    The copper bull run could be just beginning, according to investment research firm CFRA, as Chinese demand, the push toward decarbonization and South American supply risks converge. Copper has been trading near all-time highs in recent weeks and, after slipping on a warning from China over speculation earlier this week, prices picked up again on Tuesday. In a note to investors Friday, CFRA argued it remains bullish on the red metal, echoing the likes of Bank of America and Goldman Sachs, which recently characterized copper as "the new oil" and projected a multi-year bull market fueled by a surge in green capital expenditure and a dearth of mining projects. CFRA suggested the copper bull run might be in the "early to middle innings," with significantly more upside potential. Taking this into account, Equity Research Analyst Matthew Miller picked four stocks poised to outperform their peers and the broader market as a result of the rally

     
  14. Rickydi

    Rickydi Member

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    DSM looking to acquire other copper assets in other jurisdiction
     
  15. Rickydi

    Rickydi Member

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    Good news from 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.
     
  16. Rickydi

    Rickydi Member

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    V:DSM - 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

    Q:DSMTF - DEEP-SOUTH RESOURCES INC - http://www.deepsouthresources.com
    Last..........Chg.........%Ch...........Vol
    0.0445....+0.0042........
    10.4.........426.7
     
  17. Rickydi

    Rickydi Member

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    Technical opinion for TSX.V: DSM OTCQB: DSMTF

    TrendSpotter...........................BUY

    20 Day Moving Average..........BUY

    20 - 50 Day MACD Oscillator..BUY

    50 Day Moving Average..........BUY
     
  18. Rickydi

    Rickydi Member

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    V:DSM - 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
     

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