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Denison Mines Corp T.DML

Alternate Symbol(s):  DNN

Denison Mines Corp. is a Canada-based uranium exploration and development company focused on the Athabasca Basin region of northern Saskatchewan, Canada. The Company holds a 95% interest in the Wheeler River Project, which is a uranium project. It hosts two uranium deposits: Phoenix and Gryphon. It is located along the eastern edge of the Athabasca Basin in northern Saskatchewan. It holds a 22.5% ownership interest in the McClean Lake joint venture (MLJV), which includes several uranium deposits and the McClean Lake uranium mill. It also holds a 25.17% interest in the Midwest Main and Midwest A deposits, and a 67.41% interest in the Tthe Heldeth Tue (THT) and Huskie deposits on the Waterbury Lake property. The Company, through JCU (Canada) Exploration Company, Limited, holds indirect interests in the Millennium project, the Kiggavik project, and the Christie Lake project. It also offers environmental services. The Company also uses MaxPERF drilling tool technology and systems.


TSX:DML - Post by User

Comment by ShakeUpTheBoardon Sep 21, 2020 12:14am
187 Views
Post# 31589490

RE:RE:RE:DML: One of the key advantages is the company's ZERO Debt

RE:RE:RE:DML: One of the key advantages is the company's ZERO Debt I don't think that you're reading the financial statements correctly.  They sold their interests in the toll milling contracts related to the McClean Lake mill back in 2017 - so they are not deriving any revenues from the mill.

As for revenues from their decommissioning services segment, they are making minimal amounts if you offset the expenses from the revenues earned in this segment.

Look back at the last 10 years of financing that the company obtained which diluted existing shareholders.  A company with a stable, steady stream of income would not need to continuously enter into dilutive equity raises, unless they are constantly spending well beyond their means (wasting investor funds on executive/management pay, lucrative bonuses, and stock options).

This company is not an attractive buy if they constantly dilute their shareholders.
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