Pierre Lassonde: A "renaissance" is coming for this asset, demand will triple Kitco NewsMonday September 27, 2021 12:59
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!!
I think everyone in this mess needs to save face. The ministry, the courts, even the company. So the key here was bringing Ally Augula on board. If you read her bio she's very well connected and respected, thus could be the bridge in getting this situation resolved. Still needs a little time, most likely by year end. Could be a good opportunity to load up more shares as tax loss season is coming!
Ready to resume 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.
BARCHART OPINIONfor Fri, Oct 8th, 2021 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
The market is about to start a bullish trend DSM ready to add a copper property to its portfolio V:#DSM - #DEEPSOUTH RESOURCES INC - http://www.deepsouthresources.com Symbol--Size-Bid---Bid ----- Ask----Ask-Size---Last DSM – V--365.0----0.05-----0.055-----1.0------0.055
Copper Bull Market BUY SIGNAL 0-100Current Strength Maximum 0-100Current Direction Strongest Copper spot price------October 15,07:59 Bid------------Ask----------Change---------%-----Low---------High 4.6808-----4.6826-----+0.1305------+2.87-----4.4865----4.6827
Paul Ciana, chief fixed income, currencies and commodities technical strategist at Bank of America, joins The Exchange to discuss the commodities trade beyond oil and gas.
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!!!
https://www.kitco.com/news/2021-10-...y-copper-oil-expected-to-run-even-higher.html Mining News 'Revenge of the old economy' - copper, oil expected to run even higher Oil could hit $90 a barrel and copper could see between $11,000 to $12,000 a tonne, said Goldman Sachs' Global Head of Commodities Research Jeff Currie on Bloomberg. Currie's interview was released early this week. Copper prices rose today on decades-low supplies and an extreme shortages, according to a report from Reuters. Three-month copper on the London Metal Exchange rose 1.5% to $10,351 a tonne. U.S. Brent Crude prices have more than doubled in the past year and traded above $85 a barrel today. Metals are in a super cycle due to a confluence of events after the pandemic, and the resource sector can't keep up due to years of under investment. "Poor returns in the old economy saw capital redirected away from the old economy and towards the new economy, basically taking from the Exxon's of the world and giving to the Netflix's of the world," said Currie. With years of poor returns in the resource and energy space, investors are not investing anytime soon. Adding more oil supply from the U.S. is problematic, since oil producers haven't been investing, and getting them to invest is going to require a much higher oil price. "Today the focus is on return on equity. The focus here is not on the dollar price of oil, but where [the energy investor's] stock price is and the access to capital," notes Currie. Currie adds that environmental social governance hurdles create an even higher hurdle rate for getting oil producers to invest. "There is a cost of capital associated with de-carbonization and we're going to find out what that cost is," said Currie. High oil prices cascade into refining. Aluminum, which has high energy needs, has seen prices skyrocket. Zinc has also run up due to European smelters having to close. "When the wind quit blowing, the market had to replace that wind power generation with natural gas, and there was no gas, which created a massive price spike," said Currie. "[These] transient events are going to have higher probability and more frequent in nature. There is a persistency of transitory events." Currie defines a super cycle as bottom up and driven by sweeping, structural policies, citing China's admission to the World Trade Organization in the 2000s or President Lyndon Johnson's War On Poverty in the '70s. "Every commodity super cycle is driven by low income groups, as well as every bout of inflation," said Currie. "Inflation and commodity bull markets are directly tied to populist policies, and I can't find an exception to that." By Michael McCrae For Kitco News
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 DSM - V....0.075....0.075........0.07
https://www.tradingview.com/symbols/TSXV-DSM/technicals/ DEEP SOUTH RESOURCES INC 0.075CAD DSM technical analysis https://www.tradingview.com/symbols/TSXV-DSM/technicals/ Oscillators 1Sell...8Neutral...2Buy Summary 1Sell...9Neutral....16Buy Moving Averages 0Sell....1Neutral.....14Buy
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
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.
