Deep South Resources

Discussion in 'Penny Stocks' started by rickydi, Mar 14, 2021.

  1. rickydi

    rickydi Senior Investor

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    Keep DS', DSMTF on your radar
    New bull run coming fast
     
  2. rickydi

    rickydi Senior Investor

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    Deep-South Receives DTC Eligibility in the US

    2021-08-13 08:45 ET - News Release

    VANCOUVER, BC, Aug. 13, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that it has received Depository Trust & Clearing Corporation ("DTC") eligibility, making the Company's securities more accessible to US investors.

    The DTC is the largest securities depository in the world and facilitates electronic settlement of stock certificate transfers in the United States. The shares of the Company, trading under the symbol "DSMTF" and Cusip # 24378W103 in the United States, are now eligible to be electronically cleared and settled through the DTC and is therefore considered "DTC eligible". This electronic method of clearing securities accelerates the settlement process for investors and brokers.

    "We are very pleased that the Company is now DTC eligible, providing US investors further opportunities to participate in Deep-South's growth," said Pierre Leveille, CEO of Deep-South. "Deep-South's stock is now traded in Canada, Germany, and the United States. We are well positioned in both domestic and international markets to grow our global investor base."
    .

    [​IMG] View original content to download multimedia:https://www.prnewswire.com/news-rel...ives-dtc-eligibility-in-the-us-301355014.html
     
  3. rickydi

    rickydi Senior Investor

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    Something cooking

    Complete silence radio is a bullish news
    The court file in Namibia is ready.
    The file has 2 aspects (1) DSM was 100% compliant to Mining rules and regulations from the country
    (2) Court approval to prevent the ministry to grant EPL 3140 to any other applicant.

    The most important fact is that DSM has 4,000,000$ in working cap.
    Knowing management i think they are evaluating other copper prospects in better jurisdiction
     
  4. rickydi

    rickydi Senior Investor

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    The copper bull run could be just beginning, according to investment research firm CFRA, as Chinese demand, the push toward decarbonization and South American supply risks converge. Copper has been trading near all-time highs in recent weeks and, after slipping on a warning from China over speculation earlier this week, prices picked up again on Tuesday. In a note to investors Friday, CFRA argued it remains bullish on the red metal, echoing the likes of Bank of America and Goldman Sachs, which recently characterized copper as "the new oil" and projected a multi-year bull market fueled by a surge in green capital expenditure and a dearth of mining projects. CFRA suggested the copper bull run might be in the "early to middle innings," with significantly more upside potential. Taking this into account, Equity Research Analyst Matthew Miller picked four stocks poised to outperform their peers and the broader market as a result of the rally

     
  5. rickydi

    rickydi Senior Investor

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    https://smallcaps.us/deep-south-lau...gh-court-to-restore-license-for-haib-project/

    DEEP-SOUTH LAUNCHES FORMAL LEGAL CHALLENGE IN NAMIBIAN HIGH COURT TO RESTORE LICENSE for Haib
    project.

    upload_2021-8-23_11-18-20.png


    Arule of thumb for the junior mining sector is to expect the unexpected. It is typical for a junior to encounter challenges along the path to advance a project. Deep-South Resources Inc. (CA:DSM – $0.05, US:DSMTF – $0.03, GER:DSD – €0.02) has been able to deliver exceptional results in the early phases of its plan to establish the Haib copper deposit as a viable candidate to restore mining operations.

    The setback reported last month to deny the license EPL 3140 renewal certainly came as a surprise. Even so, Deep-South correctly handled the situation by promptly reporting the news and then requesting an urgent meeting with officials from the Namibian Ministry of Mining. However, the decision was unfavorable and the license renewal was not secured. Deep-South reluctantly opted to halt the various work in process.

    This week, the Company has issued another update indicating that the fight to restore its mining license continues. Deep-South has announced that it has instructed its Namibian legal representatives to file a formal application with the High Court of Namibia to review the decision of the Ministry of Mines and Energy that previously denied the license renewal. The Company also seeks a court decision to restrict the issuance of a license for the Haib project to any other applicant in the interim. Deep-South is working with a highly respected law firm and may also consider international legal options to pursue its interests.

    [​IMG]

    Circumstances Outlined by Deep-South Suggest the Presentation of a Strong Case

    Deep-South has thrown down the gauntlet, demonstrating its intention to pursue all legal remedies to restore the Haib project status to a fully licensed and permitted mine development candidate. One of the positive aspects to this project that initially attracted the Company to acquire the property is that Namibia is considered a jurisdiction that is favorable for stable property rights and is supportive of mining activity. Protections exist to resolve disputes within a clearly defined framework of laws. This application to involve the High Court is a powerful option to gain redress for what appears to be an error of policy in the decision rendered by the Ministry of Mining and Energy.

    Of note, in addition to the Minister of Mining and Energy, Orange River Exploration and Mining C.C. (Orange River) is formally named in the application. Deep-South contends that Orange River had applied for an Exclusive Prospecting License for the area including the Haib deposit on November 12, 2020. This appears to be a conflict as Deep-South had already been granted the Prospecting License for the project at that time, in addition to receiving permitting for the exploration program.

    Perhaps the most obvious injustice regarding this situation is that one of the grounds presented to justify the denial of the license renewal was that a Pre-Feasibility Study had not been launched. The Company counters that an upgraded Preliminary Economic Assessment had commenced instead along with a full Feasibility Study. This too had been effectively communicated to the Ministry of Mines and Energy prior to its decision. No previous objection had been expressed to any of the progress updates reported by Deep-South during the process.

    Conclusion

    Deep-South has proceeded correctly to advance its operations in compliance with the terms of the Haib license EPL 3140. When this critical renewal was denied, the Company also acted promptly to formally present its case in objection to the decision. Deep-South has now launched a formal court process to protect its interest in the project. The Company remains steadfast that it has entirely performed according to the conditions required under the license terms and therefore it expects a reversal of the setback that was announced in June.

    Deep-South has invested a significant amount of money and achieved notable results along the way to advance the project. It should also be highlighted that in addition to a formal legal process to address this situation, the Company also has high-level contacts in Namibia that are also advocating to see the Haib project restored to good standing under control of Deep-South. With a strong management team in place and the commitment expressed to carry on despite unexpected challenges that hold the future of the project in doubt, Deep-South remains confident that it will resolve the impasse and gain a favorable court decision.

    Moreover, the Company is also reviewing other attractive mining projects to provide more balance and diversification of its interests. As a result, another high quality exploration prospect may be secured as this process moves forward to resolve the impasse at Haib. The share price appears to have found a base that represents enormous value in the event that the Company is successful to re-establish its license for the Haib project. Thereafter Deep-South would be positioned to rapidly regain momentum and carry on with its business plan to resume a productive copper mine at the historic project. Regular updates shall be issued as this process continues.

    Smallcaps.us Advice: Buy

    Price Target: $0.67

    TSX-V:DSM Price: 0.05 CAD Market Cap: $7.32 m
     
  6. rickydi

    rickydi Senior Investor

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    https://www.stockwatch.com/News/Item/Z-C!DSM-3135225/C/DSM

    Deep-South's Haib licence blocked by Namibian court

    2021-09-01 09:08 ET - News Release

    An anonymous director reports

    HIGH COURT OF NAMIBIA INTERDICTS THE MINISTRY OF MINES TO GRANT ANY MINERAL LICENCES OVER HAIB COPPER LICENCE IN NAMIBIA

    Deep-South Resources Inc. says that the High Court of Namibia has rendered a decision that interdicts and restrains the Ministry of Mines and Energy of Namibia to grant a mineral licence, including an exclusive and prospecting licence (EPL), in terms of the Minerals Act 1992, to any person or company over the area covered by the Haib copper project -- EPL 3140. The interdict and restrain order are in force until the final determination of the application to the High Court to review the decision of the Minister to not renew EPL 3140.

    The Court will hold another hearing on September 16, 2021, to define the steps forward 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 upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started. 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 has terminated all work on site and has proceeded with the retrenchment of its employees on site.

    The Company is vigorously contesting this 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.

    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.
     
  7. rickydi

    rickydi Senior Investor

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    What to expect

    1,500 pages of documents files with the Namibia high court.

    Haib licence blocked by Namibian court
    1st hearing September 16 to define the process of the trial.

    Now DSM is cash rich and it is a must for the company to acquire another copper property in a better jurisdiction.

    I think we will hear soon about the new deal & where.
     
  8. rickydi

    rickydi Senior Investor

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    Sym-X......size ....Bid........Ask.....size.........Last......Chg........%Ch.....Vol...........$Vol........#Tr

    DSM - V 711.0...0.055.......0.06...267.0..........0.06.....+0.01.......20.0....2,702.7......159.........123

    DSMTF……………………………………..0.04574…………......13.5……235.0
     
  9. rickydi

    rickydi Senior Investor

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    Sym-X...Size Bid.....Bid.... Ask.......Ask Size....Last.....Ch......%Ch.........Vol

    DSM ......10.00.........060......065.......122.0..........0.06...+0.01....20.0......4,129.8
    Q:DSMTF
    Last..........Chg.........%Ch............Vol

    0.0445....+0.0042........10.4.........426.7

    Today
    Sym-X.....Size Bid.....Bid...... Ask.......Ask Size....Last.....Ch......%Ch.........Vol
    DSM - V 219.0........ 0.065 ...0.075 .....94.0.......... 0.07 ....+0.01... 16.7 .......1,163.1
     
  10. rickydi

    rickydi Senior Investor

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    Barchart opinion

    TrendSpotter BUY

    20 Day Moving Average BUY

    50 Day Moving Average BUY
     

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