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

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

  1. Rickydi

    Rickydi Active Member

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    https://www.stockwatch.com/News/Item/Z-C!DSM-3283279/C/DSM

    DEEP-SOUTH BOARD OF DIRECTORS WILL START THE SEARCH TO REPLACE THE LATE MR. JOHN AKWENYE AS CHAIRMAN. IN THE MEAN TIME THE BOARD HAS NOMINATED JEAN-LUC ROY AS ACTING CHAIRMAN

    Vancouver, B.C., Canada – July 27, 2022 – Deep-South Resources Inc. ("Deep-South"or the Company) (TSX-V: DSM) announces that its Board of Directors will start the search to find and appoint a new Chairman or Chairwoman to replace the late Mr. John Akwenye who passed in May 2022. In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board.
     
  2. Rickydi

    Rickydi Active Member

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  3. Rickydi

    Rickydi Active Member

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    Sym-X........Bid .............Ask....................Last..............Vol
    DSM - V 70.0 X 0.04.....0.045 X23.0......0.045 +0.01.....317.5

    ....DSMTF
    ..........Last...........Ch............Vol
    ..........................0.03.........+0.0025......
    45.1
     
  4. Rickydi

    Rickydi Active Member

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    https://6ix.com/event/sub-saharan-a...ce=presenter_share&utm_source=presenter_share


    FREE WEBINAR, registration required

    Wed, Aug 3, 2022 at 9:00 AM Eastern Time (US & Canada)

    Topic: Sub-Saharan African Exploration

    The speakers:

    Toye Abioye

    Head of Business Development & Partnerships with the Canada Africa Chamber of Business

    Pierre Léveillé

    President, CEO & Director of Deep-South Resources

    Andrew Dinning

    Managing Director & CEO of Sarama Resources
     
  5. Rickydi

    Rickydi Active Member

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    CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED MAY 31, 2022

    ASSETS
    Current

    Cash $ 1,093,981
    GST receivable and other $38,674
    Prepaid expenses $78,819

    Total Current Assets $1,211,474

    Exploration and evaluation assets $ 7,321,932
    Property and equipment $ 163,018

    Total Assets $ 8,696,424

    LIABILITIES AND EQUITY
    Current
    Accounts payable and accrued liabilities $ 47,487

    Total Liabilities $47,487
     
  6. Rickydi

    Rickydi Active Member

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  7. Rickydi

    Rickydi Active Member

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

    Sym-X……………..Bid size….Bid………………Ask…….Ask Size…

    DSM – V……..……447.0……0.035¢………..…0.04¢………2.0
     
  8. Rickydi

    Rickydi Active Member

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    0.04¢ is a good price

    DSM.V - DEEP SOUTH RESOURCES INC –

    http://www.deepsouthresources.com 09:58:39 EDT

    Bid Size--Bid –------ ----Ask----Ask Size---Last-------Year Hi-Lo
    557.0----0.035¢………0.04$------2.0------0.035¢------0.09 -0.03¢
     
  9. Rickydi

    Rickydi Active Member

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    Anglo American returns to Zambia with copper deal
    Months ago DSM.V did a deal on 3 copper propreties located directly on the copper belt


    12 mai 2022 Arc Minerals (http://www.arcminerals.com/home/default.aspx) said that Anglo American will take majority control of its Zambia copper-cobalt exploration licences. It marks the first new investment by Anglo in Zambia in 20 years.
     
  10. Rickydi

    Rickydi Active Member

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    DSM technical analysis
    Stock rating....................4Sell……1Neutral……10Buy.....................
     
  11. Rayak

    Rayak Member

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    I like copper stocks. I own some SCCO and some NEM. I also own mining ETF COPX and copper index fund CPER.

    DSM seems like a risky play, hope it works out for you. Where do you find 15 analysts following a stock that closed today at just over 3 cents a share?
     
    #171 Rayak, Aug 11, 2022
    Last edited: Aug 11, 2022
  12. Rickydi

    Rickydi Active Member

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  13. Rickydi

    Rickydi Active Member

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    V:DSM - DEEP SOUTH RESOURCES INC –

    http://deepsouthresources.com

    Bid Size----Bid - ----Ask-- Ask-Size---Last--------Hi-Lo

    107,000----0.04 ----0.045-- 27,000----0.04------0.09-0.03
     
  14. Rayak

    Rayak Member

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    Thanks for the clarification, that these are technical analysis ratings, not ANALYST ratings, as I incorrectly assumed.

    But the link shows a different indication, unless I am missing something? What I am seeing under the technical analysis summary at the link you provided is:

    14 Sell -- 10 Neutral - 2 Buy

    Has it changed that much since Wednesday? Or I am misreading the chart?
     
  15. Rickydi

    Rickydi Active Member

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  16. Rickydi

    Rickydi Active Member

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  17. Rickydi

    Rickydi Active Member

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    THE EV REVOLUTION TSX.V : DSM OTCQB : DSMTF

    Buying 10,000 shares @ 0.04¢ = 400$

    Year High-Low
    ……..0.09-0.03
     
  18. Rickydi

    Rickydi Active Member

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  19. Rickydi

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    https://www.deepsouthresources.com/...e-264000-of-a-non-brokered-private-placement/

    Deep-South will close $264,000 of a non-brokered private placement

    Vancouver, B.C., Canada – September 20, 2022 – Deep-South Resources Inc. ("Deep-South" or the Company) (TSX-V: DSM) announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $264,000.

    The offering will comprise up to 15 million units at $0.05 per unit for a total of up to $750,000. Each Unit will consist of one (1) common share and one half (1/2) of one common share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder thereof to purchase one (1) common share at an exercise price of $0.10 for thirty-six (36) months from the date of closing of the private placement. Each security issued has a mandatory four (4) month hold period from the date of closing of the placement.

    The Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.

    The proceeds of the private placement will be used for further exploration on the projects in Zambia and for general working capital
     
  20. Rickydi

    Rickydi Active Member

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    https://www.kitco.com/news/2022-09-...d-demand-and-green-technology-Rob-McEwen.html

    Copper's price will more than double due to elevated demand and green technology - Rob McEwen

    Cornelius ChristianWednesday September 21, 2022 10:11

    (Kitco News) - The price of copper, currently trading near $3.50 per pound, could skyrocket to "$6 or $8" on the back of heightened demand, said Rob McEwen, Chairman of McEwen Mining.

    "The world wants to electrify the energy transition," said McEwen. "When you read all the projections of auto manufacturers increasing their electric vehicle production lines… there is not enough copper right now to satisfy that demand."

    BloombergNEF's energy research recently found that, given the trends towards decarbonization, copper demand will rise by more than 50 percent by 2040.

    However, whether copper mining can keep up with demand is uncertain.

    "It takes longer to build copper mines today," McEwen explained. "There's more permitting required, longer lead times, and the capital is going up… you're talking about a decade, almost."

    McEwen spoke with David Lin, Anchor and Producer at Kitco News, at the Precious Metals Summit in Beaver Creek, Colorado.

    Copper Economics

    Although copper is down 20 percent year-to-date, its price has risen 20 percent over the past five years. In the late nineties, copper traded below $1 per pound, more than half its present-day value.

    "You had rapid urbanization taking place in Asia," said McEwen, explaining the price increases. "China was the largest consumer of all metals in the last five or six years."

    He also pointed to adoption of "regenerative energy technologies" like windmills, which use "1,500 pounds of copper." McEwen added that it is difficult to find substitutes for copper.

    "Maybe someone's going to come up with a nanotechnology that has the same properties [as copper]," he suggested. "That's a bit of a way off."

    Fed policy

    The Federal Reserve's Open Market Committee is meeting on Wednesday to decide on a rate hike. McEwen predicted that they would hike rates by 75 basis points.

    He added that inflation cannot be tamed with "interest rates as low as they are."

    "[In the] late Seventies, it took 15 to 18 percent interest rates to tame inflation," said McEwen.

    The Fed has raised its key interest rate by 225 basis points over the year, but McEwen said that "there are a lot of factors" at play.

    "The amount of monetary stimulation that has taken place in the last few years and the amount of debt that's accumulated at all levels ensure that we're going to have higher rates of inflation," he said. "It's being compounded by the conflict of Russia in the Ukraine, and COVID came along and disrupted supply chains."

     

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