Reading through the new release expected completion of the facility looks to be end of June/Early July. Again another 2 month delay from a couple months ago, overall a 6 month delay from what they projected back in January 2021. Once the facility is running we're still talking probably 45-90 days of testing and tweaking before the facility is at full production.
I don't want to put any lipstick on it's current pig status but the thesis remains sound, the financials are sound. and they're still finding commercial helium. There are 4-6 more wells that should come online before the production facility is completed but at this point i'm not banking on them taking us to prior price levels since the market seems to be demanding revenues and less delays.
I'm not selling, i'll be adding early January, and i don't expect to sell anything in 2022 now.
The market cap ended the day @ 107million. DME has 24million in cash reserves, 3 proven wells , a production facility in process and 60+ more wells. The delays and opportunity cost sucks but the long term vision hasn't been altered because of recent price action.