Deep South Resources

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

  1. rickydi

    rickydi Senior Investor

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

    Barchart Technical Opinion: BUY

    The Barchart Technical Opinion rating is a 56% Buy with a Strengthening short term outlook on maintaining the current direction.

    Trend Seeker® BUY

     
  2. rickydi

    rickydi Senior Investor

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

    Overall Average: 64% 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

    Current direction is the strongest (100%)

    Stock was 0.045¢ jan 3rd 2023 today we are 0.07¢ up 0.01¢
     
  3. rickydi

    rickydi Senior Investor

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    NOT POSITIVE FOR DSM

    DEEP-SOUTH CLARIFIES TECHNICAL DISCLOSURE

    2023-02-17 08:15 ET - News Release

    VANCOUVER, BC, Feb. 17, 2023 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission (the "BCSC"), the Company is issuing the following news release to clarify its disclosure as it pertains to its Technical Report entitled "Haib Copper Project 2020 Preliminary Economic Assessment" on the Haib Copper project near Noordover in the south of Namibia ("Technical Report"). The Technical Report was filed on SEDAR on February 1, 2021.

    In order to satisfy several deficiencies with National Instrument 43- 101 - Standards of Disclosure for Mineral Projects ("NI 43-101") noted by the BCSC during its recent continuous disclosure audit of the Company, the Company understands it will need to amend the Technical Report accordingly. However, as the verdict of the High Court of Namibia concerning the review of the decision of the Minister of Mines of Namibia to not renew the Haib Copper licence is scheduled for February 23, 2023, the Company will await the verdict to make a decision to amend the Technical Report. Therefore, at the present time, Deep-South advises that the estimates and economic assessment in the current Technical Report should not be relied upon as they are not supported by a compliant NI 43-101 technical report.

    Further, in connection with the BCSC's recent continuous disclosure review of the Company, and separate from the Technical Report item addressed above, Deep-South will also update and clarify additional disclosure contained on its website and in its corporate presentation to address such comments.



     
  4. rickydi

    rickydi Senior Investor

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    Haib Copper: The High Court postpones verdict to March 15, 2023
     
  5. emelyblunt

    emelyblunt Active Member

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    MLSDev is a full-service software development company that specializes in custom software development, mobile app development, web development, and UI/UX design. We have a team of experienced developers, designers, and project managers who are dedicated to delivering high-quality solutions that meet the needs of our clients. Our services include
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    Last edited: Feb 24, 2023
  6. rickydi

    rickydi Senior Investor

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    Deep-South sees court push forward Haib licence renewal

    2023-03-10 12:34 ET - News Release

    Mr. Pierre Leveille reports

    HAIB COPPER: THE RULE OF LAW PREVAILS IN NAMIBIA. THE HIGH COURT RENDERS VERDICT IN FAVOR OF DEEP-SOUTH

    The High Court of Namibia has rendered its judgment, and reviewed and set aside the decision of the minister not to renew Deep-South Resources Inc.'s Haib copper licence (EPL 3140). The effect of the order is that the minister must resume the licence renewal application procedure and arrive at a new decision. The court noted that the facts presented by Haib Minerals (Deep-South's subsidiary) should not have been ignored in the evaluation process.

    The judgment mentions that the minister and the mining commissioner did not consider the large investments carried out by Deep-South to develop a low-grade deposit. The court also states that the minister and the mining commissioner did not take into consideration the fact that the COVID-19 pandemic impacted the exploration program. The court also ordered the ministry to pay the legal costs of Haib Minerals.

    The minister and the mining commissioner have the right to appeal the judgement in the Supreme Court of Namibia. If they decide to lodge an appeal, the request shall be filed within 21 court days from the date of the judgement.

    Deep-South will now consult its legal advisers to prepare the way forward and pursue the licence renewal procedure. More information about the matter will be disclosed in due course.

    Pierre Leveille, president and chief executive officer of Deep-South, stated: "This is a very positive verdict, and we are confident to be able to create a new positive working relation with the minister and the new mining commissioner. It is also an important decision for Namibia, as it shows that the rule of law prevails in Namibia. Our board of directors would like to thank our shareholders for their strong support over all that difficult period."

    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 projects, Deep-South embraces the green revolution.

    © 2023 Canjex Publishing Ltd. All rights reserved.
     
  7. rickydi

    rickydi Senior Investor

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  8. rickydi

    rickydi Senior Investor

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    The High Court renders verdict in favor of Deep-South


     
  9. rickydi

    rickydi Senior Investor

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  10. rickydi

    rickydi Senior Investor

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    CRUX INVESTOR INTERVIEW


    Deep South Resources (DSM) - Legal Victory. Haib Copper in Namibia Lives Again
     

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