Deep South Resources

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

  1. rickydi

    rickydi Senior Investor

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    Deep South Resources TSX.V: DSM OTCQB: DSMTF

    https://www.deepsouthresources.com/...nd-shall-file-at-the-latest-on-april-29-2022/

    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 license Haib Copper EPL 3140.

    So far the Ministry of Mines and Energy fail, again and again, to file 1 document supporting their decision to refuse the renewal od the EPL 3140.

    Would DSM sell EPL 4140 when recovered and move to Zambia which is a much larger copper exploration play.

    https://www.worldbank.org/en/country/zambia/overview#1

    The nation is considered a stable country with successful democratic elections held every five years.

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

    These 3 properties are located right on the Zambian high grade main Copper Belt.

    These 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 Congo (the “DRC”) are located.

    Luanshya West project (LEL 23247). The licence is situated in the center of the Zambian Copper belt which forms part of the Central African Copper belt, one of the most prolific copper belts in the world. The Large Exploration Licence covers 5,423.26 hectares (54.24 Sq. Km).

    Chililabombwe project (LEL 23247). The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km).

    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).

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


    *****MORE ACQUISTIONS IN ZAMBIA ***** ????
     
  2. rickydi

    rickydi Senior Investor

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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 100% Buy with a Strengthening 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

    Overall Average: 100% BUY

    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.
     
  3. rickydi

    rickydi Senior Investor

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    Plenty of $$ for work in Zambia
    As of Feb 28, 2022 from www.sedar.com

    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 $
     
  4. rickydi

    rickydi Senior Investor

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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."


     
  5. rickydi

    rickydi Senior Investor

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    THE POWERPLAY

    Deep-South Resources (TSXV:DSM) (OTCQB: DSMTF) signs earn-in agreement with Word Class Minerals Venture Ltd.

    upload_2022-5-4_11-22-11.png

    Deep-South Resources Inc. (DSM) signs an earn-in agreement with Word Class Minerals Venture Ltd. DSM will acquire up to 80 per cent of three copper exploration licences in the center of the Zambian Copper belt over a period of five years. Pierre Leveille, CEO of Deep-South Resources sat down with Shoran Devi to discuss the agreement.


    https://themarketherald.ca/deep-sou...h-word-class-minerals-venture-ltd-2022-04-08/
     
  6. rickydi

    rickydi Senior Investor

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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.
     
  7. rickydi

    rickydi Senior Investor

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    Deep-South Resources (DSM) - Licence Update From Namibia and Zambia




     
  8. rickydi

    rickydi Senior Investor

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

    rickydi Senior Investor

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    The best place to find a mine is near a mine.....look at DSM powerplay in Zambia
    upload_2022-5-17_15-34-58.png
     
  10. rickydi

    rickydi Senior Investor

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    THE MINISTRY OF MINES AND ENERGY OF NAMIBIA FINALLY FILED ITS DEFENSE ON MAY 17, 2022


    VANCOUVER, BC, May 20, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsel of the Ministry of Mines and Energy of Namibia ("Ministry") has finally filed its defense affidavit on May 17, 2022, twenty-six days late.
    At the hearing held on May 18, 2022, the judge has ordered Deep-South's attorneys to file their replying affidavit to the defense of the Ministry at the latest on June 3, 2022.

    The judge also ordered that a Case Management hearing will be held on June 23, 2022.

    The Case Management hearing serves to prepare the final hearing. Several aspects can be discussed at the Case Management hearing such as settlement prospects, number of days required for the final hearing, any issues that are likely to facilitate a just and speedy disposal of the case.
     

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