I like to look at potential upcoming events and timelines which could potentially provide DHR with some stimulus to move the SP from this level. Please feel free to comment or correct my thinking. Doing this helps me to not be too concerned about the lack of daily movement and be prepared for potential future movements.
San Jorge Brine. Due diligence on final two areas due by end of quarter. DrillIng to be fast tracked once this is completed. Not sure what that means however, would expect drilling to be within 6mths if licensing is available as I see this as a possible catalyst for positive movement in sp
El totoral spod. Delayed drilling due to licensing issues. put in hold till September. Potential for collaboration with Arg mining company to use its already approved licensing for exploration. Time frame unknown but would expect this before sept. For them to even consider this option I would expect a decision to be made sooner otherwise no point. might as well wait for own licence.
Las Openas gold. Drilling commencing by end of month. 6 drill holes. Would expect update within 1 month with possible photos or explanations on success of drilling. Would expect assays to be up to 3 months so end of June as nothing is processed quickly ( happy to be proven wrong)
Santa Cruz gold. Ground magnetic geophysical program due in coming months. Would expect some kind of Ann up to a month after this is completed.
Lakes oil. SA spud in May. Appeal against Vic gov due in oct. Onshore drilling ban to be lifted in 2020 worst case ( unless Vic gov change their minds again).
DHR energy. who knows.
So as I see it, long term play unless your willing to sell into the all time lows and lock in a solid loss. Our best case as far as I see it is results at las openas gold, brine exploration is expedited, lakes oil hit something nice in May.
