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Discussion Starter · #21 ·
Just a reminder for newer readers that this may be a pump & dump. Obviously I have no way of knowing but it bears the hallmarks.

When this thread was originally posted it was 20 cents a share. Now it is 12 cents a share. Whoops!
SPUDD Go to the regulatory bodies and file your complaint
Regulator will read and delete your post
 

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Discussion Starter · #25 ·
Hahaha! You post something saying that you should sell as proof that your stock is awesome?
The market is in highly oversold territory. Beware of a trend reversal
TRANSLATION
Ринок знаходиться на дуже перепроданій території. Остерігайтеся розвороту тенденції
 

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Discussion Starter · #26 ·
Date​
Ex​
Sym​
Open​
High​
Low​
Close​
Chg​
Total Vol​




V​
DSM
0.045​
0.035​
0.035​
0.045
8,189,000​
V​
DSM
0.045​
0.055​
0.035​
0.045
-0.085
50,910,654​
V​
DSM
0.12​
0.135​
0.105​
0.13
0.01
5,201,064​
V​
DSM
0.125​
0.145​
0.12​
0.125
0.005
5,423,332​
V​
DSM
0.135​
0.135​
0.115​
0.125
-0.01
7,239,938​
V​
DSM
0.125​
0.15​
0.125​
0.14
0.015
7,624,654​
V​
DSM
0.125​
0.14​
0.11​
0.13
-0.0925
25,011,830​
 

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Discussion Starter · #27 ·
Date​
Ex​
Sym​
Open​
High​
Low​
Close​
Chg​
Vol​


Q​

DSMTF


0.036439 0.042 0.0323


0.035


-0.0006


1,380,200
Q​
DSMTF
0.0416​
0.0449​
0.0294​
0.0356
-0.0704
2,206,530​
Q​
DSMTF
0.096​
0.106​
0.0851​
0.106
0.006
397,676​
Q​
DSMTF
0.1056​
0.1099​
0.10​
0.10
0.00532
315,601​
Q​
DSMTF
0.1035​
0.1035​
0.0927​
0.09468
-0.01332
325,344​
Q​
DSMTF
0.10​
0.1159​
0.10​
0.108
0.0064
291,349​
Q​
DSMTF
0.1086​
0.1159​
0.09​
0.1016
-0.08002
1,753,450​
 

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Discussion Starter · #28 ·
Looking forward for DSM to recover EPL 3140
My evaluation of the situation is the the Minister of Mines and Energy based his decision only with the briefing of a tire kicker needing a claim of fame.
When the Chairman met with the Minister, the Minister took a lot of notes.
In these countries a Minister take his time before reversing a decision, simply to avoid looking stupid.

On the other hand Namibia sent a strong signal to foreign companies ''spend a lot of money and when we are ready will give you a kick in the butt''. Countries doing that don’t attrack international capital.
 

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Are you not suffering with your investment in this company? From 20 cents to 3.5 cents is a huge drop. Since you believe in it so strongly, you must have invested a lot. I hope you don't suffer from the sunk cost fallacy.
 

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Discussion Starter · #31 ·
ORIGINAL: Director Sadike Nepela Dies at the Age of 59

2021-07-02 09:36 ET - News Release Summary

Vancouver, B.C., Canada – TheNewswire - July 2, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) announces that Luke Sadike Nepela has passed on after a short illness.

The Board of Directors offers it’s condolences to his wife and family.

The Board acknowledge his dedication as a Director of the Company.

John Akwenye, Chairman of Deep-South stated, "We will miss a very good colleague and for some of us we will miss a very good person and friend “.

Mr. Nepela will not be immediately replaced on the Board of Directors

Complete news available at:
Stockwatch
 

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Discussion Starter · #32 ·
09:52 AM EDT, 06/25/2021 (MT Newswires) -- Deep-South Resources Inc. (DSM.V) at last look sank 65.4% in early Friday trading after saying that the Minister of Mines and Energy of Namibia confirmed the rejection of the company's application to renew its exclusive prospecting license 3140.



Deep-South intends to contest the decision, noting that it met all criteria under the law to justify the license renewal. The company has terminated all work on site and has started retrenching employees.



The company had received notice from the ministry in mid-June that its application was denied due to its inability to advance the license to pre-feasibility stage and complete a proposed drill program.



Deep-South said the ministry did not oppose a proposed change from the pre-feasibility study to an upgraded preliminary economic assessment as well as the start of a full feasibility study.



Deep-South added that the ministry issued all permits required for the drilling program and is aware that the company has completed the campaign.

Price: 0.05, Change: -0.09, Percent Change: -65.38

Whoops!
no regularity problem when I read you
 

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Discussion Starter · #34 ·
The company up to this time has admitted no wrong doing and they've claimed that they've upheld their part of the agreement regarding their obligations on the Haib property. The company has said & maintained that the Namibian Gov't was advised & aprised of EVERY update and modification at every step of it's developmental process. In addition, mgmt has also indicated that Namibian Gov't, specifically the Dept of Mines & Energy, had in fact agreed to all the changes made and there were NO objections on their part. So unless the company has put out an official statement that they admitted to being negligent on their obligations on this property and i've missed it, i maintain my comments above.

As for the Namibian Gov't side & all their accusations against Deep South, both can't be right and either one or the other here isn't being totally truth full. Unless the company is outright lying about what they've stated so far or have exaggerated their claims of what said or done, legally the company hasn't breached their contract with the Namibian Gov't ....yet. What is in question though, is whether the company has all these contractual modifications, claims and subsequent Gov't agreement on a legally binding document TO PROVE what they've said. Usually simple modifications like whether technicalties as a PFS, FS or PEA are to be done and what is prioritized is inconsequential are determined by the operator NOT the country's Gov't. The only hand or say the Gov't has in this, is whether to approve or not the PEA.

In the end, it should really be up to the company to decide how this process should flow as they are the best judge of what needs to be done to bring projects successfully along to eventual full development. This is how it works in EVERY part of the wolrd and it usually flow through quite easily WITHOUT any complications. BUT in Africa, especially Sub-Saharan, these simple processes become very complicated & in a grey area for reasons i don't want to be into right now. Because there's a lot to be said there and iv'e stated a few in my previous posts here. Even the Chinese & Middle East who are difficult to deal with and are harsh places to operate in don't pull off sh*t like this.

Anyway, until the company officially responds to the Gov'ts decision with something more concrete & meaningful besides the "we didn’t do anything wrong" schtick, this is going to remain in limbo for quite a while. If i were managing this situation, i would advise the company to try and resolve as quickly as possible, by either forcing the Namibian Gov't to abide by their contract on the property OR by bringing the matter to the International courts ASAP. The longer this drags on without ANY actions on the company's part or they keep staying silent, the worse it will look for them and it will be.
 

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This is why I am glad I started investing gradually 30 years ago. Build wealth slowly and invest in nothing on Venture exchanges until you can afford to loose all of your Venture placement without a major hit to your overall finances. Keep the V stocks to less that 5% of your equity worth is my rule, when I do hold or ponder holding a V position.
 

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Discussion Starter · #39 ·
This is why these stocks are extremely high risk. Massive political risk.
It takes only one low life guy at the ministry wanting to show how powerful he is and wanting to make his claim of fame by not renewing the license.
 
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