Deep South Resources

Discussion in 'Penny Stocks' started by Rickydi, Mar 10, 2021.

  1. Rickydi

    Rickydi Member

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    https://www.kitco.com/news/2022-02-...-Fed-prepares-to-tighten-monetary-policy.html

    While Scotiabank is relatively neutral on gold at the start of the new year, they are extremely bullish on industrial metals, particularly copper. Desormeaux said that he sees copper prices well supported around $5 a pound for at least the next three years.

    "In the next couple of years, we expect the global recovery to keep values of the bellwether red metal strong, with supply disruptions via Latin American geopolitical developments likely to provide additional pricing support," he said. "Over the longer-run, we assume that strong demand growth will come via global decarbonization efforts—copper is expected to be a key input for battery production and climate infrastructure construction."
     
  2. Rickydi

    Rickydi Member

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    DSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 14:19:57 EST
    Sym-X .........Bid ........Ask....Last.........Chg .......Vol
    DSM - V...... 0.06 .....0.065....0.065.....+0.005 .....65.0
     
  3. Rickydi

    Rickydi Member

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    Out of Twilight Zone....very very very soon....

    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.

    43-101 copper project in Africa

    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.
     
  4. Rickydi

    Rickydi Member

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    Sym-X..........Bid-------------Ask.................Last...........Chg..........Vol
    DSM - V 400.0X0.06.......0.07X160.0......0.07..........+0.02........359.6
     
  5. Rickydi

    Rickydi Member

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    Deep-South Resources appoints Matte as director

    2022-02-25 14:35 ET - News Release

    Mr. John Akwenye reports

    DEEP-SOUTH RESOURCES SHAREHOLDERS ELECTS SEVEN DIRECTORS AT AGM

    Deep-South Resources Inc. has released the voting results from the company's annual general meeting held on Feb. 25, 2022.

    A total of 37,223,708 common shares were represented at the AGM, representing 25.44 per cent of the votes attached to all outstanding common shares as at the record date. All of the matters submitted to the shareholders for approval as set out in the company's notice of meeting and information circular, both dated Jan. 12, 2022, were approved by 99.97 per cent of the votes cast at the AGM.

    The directors elected are John H. Akwenye, Pierre Leveille, Jean-Luc Roy, Ally Angula, Tim Fernback, Thomas Tumoscheit and Pierre Matte.

    Chad Williams did not renew his directorship for personal and business reasons. The board of directors would like to acknowledge his dedication and support during the past year. The company wishes him good luck with his future endeavours.

    Mr. Matte has been appointed a director of the company for the first time. Mr. Matte has over 20 years experience in the mining industry. The majority of Mr. Matte's experience has been in Africa. He has been director of finance and administration for Etruscan in Niger, for the Kenor Group in Guinea and for Anglogold in Mali. He has been general manager and country manager for Nevsun Resources and Avion Gold on the Tabakoto mine in Mali. He has been general manager for Roxgold in Burkina Faso. His experience includes exploration and development program management, mine construction, and mine operations. Mr. Matte holds a bachelor's degree in accounting sciences from Universite du Quebec, Montreal.

    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
     
  6. Rickydi

    Rickydi Member

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  7. Rickydi

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    Fibonacci #
    0.186¢ ............38.2% Retracement From 52 Week High


    0.157¢.............50% Retracement From 52 Week High/Low

    0.129¢.............38.2% Retracement From 52 Week Low

    Current mkt is 0.065¢
     
  8. Rickydi

    Rickydi Member

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    https://www.stockwatch.com/News/Item/Z-C!DSM-3221295/C/DSM

    Deep-South says Namibian ministry files old documents

    2022-03-15 09:49 ET - News Release

    An anonymous director reports

    MINISTRY OF MINES AND ENERGY OF NAMIBIA FAILS TO FILE NEW DOCUMENTS IN THE HIGH COURT OF NAMIBIA

    Deep-South Resources Inc. says that the legal counsel of the Ministry of Mines and Energy of Namibia filed additional documents as part of the review record. However, the documents filed do not provide any evidence supporting the decision of the Minister not to renew the Haib Copper licence EPL 3140.

    The judge had previously granted an extension to the Ministry to file the documents they stated to have recently discovered and that were not part of the record of proceedings. The Ministry had until March 11, 2022, to complete their filing. The documents they filed on 11 March 2022 are copies of documents contained in previous filings or pertaining to previous licence tenures.

    The next hearing in court will be held on March 22, 2022. The next step in the legal proceedings will be considered at the upcoming 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'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.
     
  9. Rickydi

    Rickydi Member

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    Something cooking

    V:DSM - Deep-South Resources Inc. - http://www.deepsouthresources.com 20:33:11 E

    BID Size....Bid..........Ask......ASK SIZE .......Last .........Chg........ Vol

    212.0....... 0.075 ·.... 0.08...... 70.0............... 0.075....... +0.01…...3,272,800
     
  10. Rickydi

    Rickydi Member

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    DEEP-SOUTH EXPECT TO RESUME TRADING ON TUESDAY APRIL 19, 2022

    Further to a discussion with the TSX Venture Exchange concerning the documents related to the acquisition of Zambian exploration licences announced on April 7, 2022, Deep-South Resources Inc. expects to resume trading on Tuesday, April 19, 2022.

    Deep-South has signed a definitive earn-in agreement with World Class Mineral Ventures 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.
     
  11. Rickydi

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    Deep-South to acquire up to 80% of three copper exploration licences in the heart of the Zambia copper belt

    Key facts summary

    The Luanshya West, Chililabombwe and Mpongwe projects 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.

    Luanshya West project (LEL 23247) is situated in the centre of the Zambian Copperbelt and covers 5,423.26 hectares (54.24 square kilometres).

    This prospectivity is reinforced by a positive series of coincident soil geochemical anomalies over the contact zone.

    11 targets for strata-bound vein-hosted copper, lead, zinc, cobalt, nickel, silver and gold mineralization and one target for stratiform copper-cobalt mineralization.

    The historical geophysical survey and sampling results demonstrate potential to classify the project as one of merit

    The project area is close to established copper/cobalt mines, with the Nkana mine 30 kilometres north-east and the Luanshya mine 40 kilometres to the east from the centre of the project area.

    Chililabombwe project (LEL 23247) is situated in the north of the Zambia and covers 2,200 hectares (22.5 square kilometres)

    The project area is close to established copper/cobalt mines, with the Konkola mine 12 kilometres west and the Lubambe mine 30 kilometres to the northwest from the centre of the project area.

    Mpongwe project (LEL 23248) is situated in the centre of the Zambian Copperbelt and covers 67,500 hectares (675 square kilometres).

    The project area sits at 30 kilometres from the Luanshya West project (described above).

    More information about the projects and the planned programs will be disclosed after closing of the transaction.
    upload_2022-4-18_8-12-57.png
    Source: To read to complete Press Release

    https://www.deepsouthresources.com/investors/news-releases/deep-south-to-acquire-up-to-80-of-three-copper-exploration-licences-in-the-heart-of-the-zambia-copper-belt/
     
  12. Rickydi

    Rickydi Member

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    Deep-South Resources Inc. will resume at 6:30 a.m. PT / 9:30 a.m. EST on Tuesday, April 19, 2022
    Bull trend to resume
     
  13. Rickydi

    Rickydi Member

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    https://www.tradingview.com/

    Deep South Resources DSM.V

    Oscillators…...........BUY…..0Sell…….9Neutral…2Buy

    Summary…………..STRONG BUY...0Sell..10Neutral..16Buy

    Moving Averages.....STRONG BUY...0Sell 1Neutral 14Buy
     
  14. Rickydi

    Rickydi Member

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    Barchart Technical Opinion.....................DSM.V..............BUY

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

    Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
     
  15. Rickydi

    Rickydi Member

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    As of Feb 28, 2022

    Current Cash $ 1,462,848 $

    GST receivable and other 33,355

    Prepaid expenses 94,774

    Total Current Assets 1,590,977

    LIABILITIES

    Current Accounts payable and accrued liabilities 48,414 $
     
  16. Rickydi

    Rickydi Member

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    Goldman's Currie Expects 50% Rise in Copper Prices
    Jeff Currie, global head of commodities research at Goldman Sachs, says there is "substantial" upside risk to copper prices amid a "massive deficit" in supply. He speaks during an interview with Bloomberg's Guy Johnson and Kailey Leinz on "Bloomberg Markets."
     
  17. Rickydi

    Rickydi Member

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    #77 Rickydi, May 4, 2022
    Last edited: May 4, 2022
  18. Rickydi

    Rickydi Member

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    The Ministry had to file its defense by April 29, 2022 or at the latest on May 3, 2022.

    Deep-South will have until May 13, 2022 to file its reply to the defense of the Ministry.

    The Court will hold another hearing on May 18, 2022.

    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 court orders.


    ZAMBIA FOCUS:

    https://www.deepsouthresources.com/...ences-in-the-heart-of-the-zambia-copper-belt/

    Mining workers will be transferred from Namibia to Zambia

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

    Rickydi Member

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  20. Rickydi

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    Bid 257 X 0.05………..Ask 81 X 0.055
     

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