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COPPER

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$2.71 copper futures

http://www.deepsouthresources.com/investors/news-releases/deep-so...

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Popeye82

22,161 Posts.

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27/02/21

14:18

Post #: 51386723
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Originally posted by PovertyBoy: ↑

Hey Popeye.

I actually got a piece of Deep South via the OTC mkt. (Strange descrpency between OTC ticker and regular shares on Friday, OTC down by 25% heads up by 15%).

What this tells us I'm unsure... Maybe a bit of manipulation happening preceding a move here. Obviously grossly unloved, but as you say receiving almost 5 mill for cap raise and Teck onboard so with very low mkt cap, project with comparatively low NPV and excellent IRR/ low Capex, you'd have to have a go. Also like the M.D. He strikes me as no bullshit and the country risk is not terrible with the project located in Namibia.
Some risk here for sure, but I'm having a punt here Popeye.

I've done pretty well with the palladium one shares (also via OTC). Purchased and sold a parcel, and holding another. I see Sprott are doing a cap raise via a bought deal at significantly higher prices to that which I originally paid. Always nice to have a victory.

Don't win em all and another copper stock I have been bleeding on is SOLG via ASX listed DGR. Just a reaming in terms of PnL, never nice. But rumours abound that the chart closed a 3 year gap on Friday @ 5.3 cents (DGR this is). SOLG up 8% on Friday in London, which was after mkt close on the ASX obviously. Looking for a rebound today and hopeful of a nice annoucement, perhaps corporate activity even.. that would be nice.

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http://www.deepsouthresources.com/investors/news-releases/deep-south-appoints-the-msa-group-for-the-updated-ni-43-101-resource-estimation-on-the-haib-copper-project-in-southern-namibia/

http://www.deepsouthresources.com/investors/news-releases/deep-south-commences-drilling-on-the-haib-copper-project-in-southern-namibia/
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