I was looking once again at how the SP of Desert Mountain Energy grew in the early days before and after their first permit approval.
At the beginning of April 2020, they reported on company progress and how Covid was effecting the market. They did not have a drill permit at this stage, that didnt come till mid-May - SP was 16c Canadian (near enough the same in AUD)
By the beginning of Sept 2020 - just 5 months later, the share price was $1.58 Canadian. In that time, they got their permit approved, drilled 2 wells, and got the positive results. Near 10x growth in the share price.
They have obviously had a big dip in SP this month due to only reporting 1.9bcf helium grade on their 4th well. but I'm excited about the future of BNL.
Just keeping everyone interested.....but as always.....DYOR
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $13.47M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $45.15K | 9.007M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 514861 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 3604481 | 9 |
View Market Depth
| Last trade - 15.25pm 27/06/2025 (20 minute delay) ? |
| BNL (ASX) Chart |