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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    Deep-South Resources advances push to win renewal of Haib Copper licence in Namibia

    While recuperating Haib Copper mineral rights remains a top priority, Deep-South said its management continues to seek another copper project.
     
  3. Rickydi

    Rickydi Member

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    CEO interview (Pierre Léveilllé)


    Thanks for sharing the link. Pierre sounds very optimistic on getting the license reinstated, plus a new project in Zambia it's a done deal. Let's keep our fingers crossed, Pierre's 18 months share price outlook it's 3 to 5 times higher than current share price. All and all great news. Good luck to all shareholders here.
     
  4. Rickydi

    Rickydi Member

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    DSM.V- DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com

    BID SIZE….BID……...ASK…ASK SIZE........Year Hi-Lo
    73,000.......0.055.........0.06.....24,000..............0.30-0.035
     
  5. Rickydi

    Rickydi Member

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    V:#DSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com
    09:25:38 EST
    Sym-X Bid Size--- Bid ---Ask---Ask Size Last
    DSM - V..64.0.........0.06....0.06....15.0.........0.06

    OTCQB: DSMTF
     
  6. Rickydi

    Rickydi Member

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    DSM.V 0.065¢ Value Action


    Exponential Moving Average (10)...................0.059............Buy

    Simple Moving Average (10)............................0.058............Buy

    Exponential Moving Average (20)....................0.059.............Buy

    Simple Moving Average (20)............................0.058.............Buy

    Exponential Moving Average (30)....................0.059.............Buy

    Simple Moving Average (30)............................0.059.............Buy

    Exponential Moving Average (50)....................0.060.............Buy

    Simple Moving Average (50)............................0.060.............Buy

    Exponential Moving Average (100)...................0.061............Buy

    Simple Moving Average (100)...........................0.062.............Buy

    Simple Moving Average (200)...........................0.061.............Buy

    Ichimoku Base Line (9, 26, 52, 26)....................0.063.............Neutral

    Volume Weighted Moving Average (20)............0.058..............Buy

    Hull Moving Average (9)0.062BuyAwesome Oscillator0.001...Buy

    Momentum (10) ................................................0.010..............Buy

    MACD Level (12, 26).........................................0.000.............Buy
     
  7. Rickydi

    Rickydi Member

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    https://www.stockwatch.com/News/Item/Z-C!DSM-3215836/C/DSM

    Deep-South notes Ministry of Mines misses deadline

    2022-03-02 11:48 ET - News Release

    MINISTRY OF MINES AND ENERGY OF NAMIBIA HAS FAILED FILING ITS DEFENSE ON FEBRUARY 14, 2022

    Deep-South Resources Inc. notes that the legal counsel of the Ministry of Mines and Energy of Namibia has failed to file its defence affidavit as ordered by the High Court of Namibia on Nov. 25, 2021. The Ministry's counsels stated that they have discovered new documents, which are not part of the record of proceedings. The Ministry's counsel has requested an extension to file those documents. The legal counsel has filed a joint status report with the court on February 28, 2022. Deep South's legal counsel recorded in this status report that the Ministry's counsel previously indicated that a complete record had been filed. Since the beginning of the procedures, the Ministry has failed providing any evidence supporting the decision of the Minister to not renew the Haib Copper licence EPL 3140.

    Deep-South's legal counsel vigorously oppose the extension request and requested that the judge ensure a just and speedy determination of the case.

    The Court will hold another hearing on March 3, 2022. The latest request of the Ministry will be considered at that hearing.

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

    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.

    © 2022 Canjex Publishing Ltd. All rights reserved.
     
  8. Rickydi

    Rickydi Member

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    V:DSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 17:17:56 EST

    Bid........................Ask.....................Last................Volume

    20.0 X 0.065.......0.075 X 17.0….....0.07 +0.01........604.9
     
  9. Rickydi

    Rickydi Member

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    tradingview /TSXV-DSM/

    .........Oscillators ..........................Summary ..........................Moving Averages
    0Sell 9Neutral 2Buy .............0Sell 10Neutral 16Buy .........0Sell 1Neutral14Buy
     
  10. Rickydi

    Rickydi Member

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    March 23 #DSM#DSMTF BID Size..Bid......Ask..ASK SIZE .Last ..... Vol
    ..........................................72.0.......0.08...0.085....138.0......0.08.....1,215.3






     
  11. Rickydi

    Rickydi Member

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    This PR abour Namibia Next PR about a major acquisition
    https://www.stockwatch.com/News/Item/Z-C!DSM-3225154/C/DSM

    Deep-South sees Namibia court order ministry to file defence

    2022-03-23 14:26 ET - News Release

    An anonymous director reports

    NAMIBIA HIGH COURT ORDERS THE MINISTRY TO FILE ITS DEFENSE AT THE LATEST ON APRIL 22, 2022

    At the hearing held on March 22, 2022, the judge has ordered the legal counsel of the Ministry of Mines and Energy of Namibia to file its defence affidavit at the latest on April 22, 2022.

    Deep-South Resources Inc. attorneys will have until May 13, 2022, to file their reply to the defence of the ministry.

    The judge has also drawn the attention of the parties to the Part 6 of the Rules of High Court. Part 6 deals with sanctions for failure to comply with the rules, directions or court orders. Sanctions could be applied for failure to respect delays or undue request of extensions.

    The court will hold another hearing on May 18, 2022, to define the further procedures with regard to the review of the decision of the minister to deny the renewal of the exploration licence Haib Copper EPL 3140.

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

    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.
     
  12. Rickydi

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    V DSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com

    Bid Size…….Bid……….Ask…….Ask size….Last Trade……Up
    566.0............0.06........0.065.......245.0..........0.065..........+0.005
     
  14. Rickydi

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  15. Rickydi

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    ORIGINAL: DEEP-SOUTH APPOINTS KING & SPALDING LLP AS INTERNATIONAL LEGAL COUNSEL

    2022-04-06 07:50 ET - News Release

    VANCOUVER, BC, April 6, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South") (TSXV: DSM) and its affiliate Koryx Copper BV (together, the "Companies") announce the appointment of King & Spalding LLP as international legal counsel.

    The mandate of King & Spalding is to review the Companies' options under international law in relation to the Namibian government's handling of the Haib Copper Exploration and Prospecting License and the government's refusal to renew the License.

    King & Spalding is an international law firm with 1,200 lawyers in 22 countries.

    The firm specializes in international dispute resolution.

    King & Spalding's international arbitration practice is consistently ranked among the top arbitration practices in the world. In 2022.

    The firm's practice is again ranked number one in Global Arbitration Review's "GAR 30" guide to the world's leading international arbitration practices.

    Global Arbitration Review has praised King & Spalding's track record in obtaining strong results for its clients. Further information is available on: https://www.kslaw.com

    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 project, Deep-South embraces the green revolution.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Caution Regarding Forward-Looking Information

    We seek safe harbor

    SOURCE Deep-South Resources Inc.

    © 2022 Canjex Publishing Ltd. All rights reserved.
     
  16. Rickydi

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    Deep-South to earn 80% of three Cu licences in Zambia

    2022-04-07 13:24 ET - News Release

    Mr. John Akwenye reports

    DEEP-SOUTH TO ACQUIRE UP TO 80% OF THREE COPPER EXPLORATION LICENCES IN THE HEART OF THE ZAMBIA COPPER BELT

    Deep-South Resources Inc. has signed a definitive earn-in agreement with Word Class Minerals Venture Ltd. (WCMV) of Zambia to acquire up to 80 per cent of three copper exploration licences in the centre of the Zambian Copperbelt, one of the most prolific copper belts in the world.

    John Akwenye, chairman of Deep-South, stated, "While reinstating the licence over the Haib copper project in Namibia remains our No. 1 priority, we are very enthusiastic about the option to acquire these strategically well-situated licences in the heart of one of the most prolific copper belts in the world."

    The agreement

    Deep-South holds the option to acquire up to 80 per cent of the large-scale exploration licences LEL 23246, LEL 23247 and LEL 23248 held by WCMV in Zambia.

    The terms are as follows:

    • Deep-South has paid to WCMV $15,000 (U.S.) on signature of the agreement and will pay an additional $15,000 (U.S.) on approval of the transaction by the TSX Venture Exchange. Deep-South will also issue 500,000 of its common shares to WCMV upon approval by the TSX-V.
    • On the second anniversary of the agreement, Deep-South will pay $30,000 (U.S.) and issue 250,000 of its common shares to WCMV.
    • Before the end of the second anniversary of the agreement, Deep-South will also complete the collection and analysis of 100 soil samples over the identified anomalies on LEL 23246 and 350 soil samples over the identified targets on each of LEL 23247 and LEL 23248. Deep-South will then decide whether to proceed with more intensive sampling or to evaluate any drilling targets.
    • Upon completion of the aforementioned, Deep-South will have acquired an undivided interest in 51 per cent of the licences.
    • In order to acquire the remaining 29 per cent of the licences, Deep-South, at the end of the third, fourth and fifth years of the agreement, will pay to WCMV $30,000 (U.S.) every year for a total of $90,000 (U.S.) and spend a minimum of $1-million (U.S.) in exploration programs every year for a total of $3-million (U.S.) in exploration expenditure.
    Data acquisition

    Upon approval of the transaction with WCMV by TSX-V, Deep-South will acquire all of the exploration data for the licences LEL 23246, LEL 23247 and LEL 23248 held by Nathan Sabao (the geological consultant). Upon approval of the TSX-V, Deep-South will issue 500,000 of its common shares to the geological consultant. Furthermore, on the first anniversary of the transaction, the geological consultant will transfer to Deep-South all of the exploration data for projects in the Luapula region in consideration for the issuance of a further 500,000 common shares of Deep-South.

    The transaction is conditional to the approval of the TSX-V. In terms of the Policy 5.3, the transaction is considered fundamental and the trading of the shares of Deep-South will remain halted until the TSX-V has reviewed the required documentation.

    The projects

    Luanshya West project (LEL 23247)

    The licence is situated in the centre of the Zambian Copperbelt, which forms part of the Central African Copperbelt, one of the most prolific copper belts in the world. The large exploration licence covers 5,423.26 hectares (54.24 square kilometres).

    A National Instrument 43-101 technical qualifying report is currently under review by the TSX-V.

    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 the Congo (the DRC) are located. This prospectivity is reinforced by a positive series of coincident soil geochemical anomalies over the contact zone.

    The project area is close to established copper/cobalt mines with the Chibuluma mine approximately 35 kilometres to the northeast, the Chambishi mine 41 kilometres north-northeast, the N'changa mine 53 kilometres north-northwest and the Luanshya mine approximately 40 kilometres east-southeast from the centre of the project area.

    Approximately 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. The airborne geophysical data were evaluated by geophysical consultant K.P. Knupp on behalf of Teal. Mr. Knupp identified a total of 11 targets for strata-bound vein-hosted copper, lead, zinc, cobalt, nickel, silver and gold mineralization and one target for stratiform copper-cobalt mineralization over the larger exploration property then held by Teal.

    Chililabombwe project (LEL 23247)

    The licence is situated in the north of the Zambia Copperbelt near the DRC border. The large exploration licence covers 2,200 hectares (22.5 square kilometres).

    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.

    The project area is close to established copper / cobalt mines with Konkola mine 12 km west and the Lubambe mine 30 km to the north-west from the center of the project area.


    Mpongwe project (LEL 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 Democratic Republic of Congo (the "DRC") are located.

    More information about the projects and the planned programmes will be disclosed after closing of the transaction.

    Mineral Resources have not been estimated yet on the project nor has it demonstrated economic viability at this stage. The historical geophysical survy and sampling results demonstrate potential to classify the 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

    Peter Walker B.Sc. (Hons.) MBA Pr.Sci.Nat. of P & E Walker Consultancy is the main author of the 43-101 resource qualification report on LEL 23246, and is the Qualified Person under the terms of National Instrument 43-101. Mr. Walker is responsible for the technical part of this press release.

    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 project, Deep-South embraces the green revolution.

    We seek Safe Harbor.

    © 2022 Canjex Publishing Ltd. All rights reserved.
     
  17. Rickydi

    Rickydi Member

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    DSM will open soon

    Sym-X.................Bid Size........Bid -...........Ask......Ask Size......Last

    DSM - V...............150.0............0.07............0.07.......71.0.............0.065
     
  18. Rickydi

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    DSM - V ......1208.0.X.0.065........0.075.X.205.0 ...last.0.07.......Volume....70.5
     
  20. Rickydi

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    https://www.barchart.com/stocks/quotes/DSM.VN/overview

    Barchart Technical Opinion.............STRONG BUY

    The Barchart Technical Opinion rating is a 88% Buy with a Average short term outlook on maintaining the current direction.

    Long term indicators fully support a continuation of the trend.

    https://www.barchart.com/stocks/quotes/DSM.VN/opinion

    Yesterday 80% BUY

    Last Week 40% 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.
     

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