Bullboard - Stock Discussion Forum Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Energy

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... see more

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Denison Mines Corp > What is driving the stock price up and up?

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Post by Nick1969 on Jan 07, 2021 3:23pm

What is driving the stock price up and up?

Not that I am complaining :) But what is it?
I see Uranium coming back in a SPECTACULAR manner btw..
Nuclear is the future , atleast for now..

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Comment by MJVigilante on Jan 07, 2021 4:17pm

i don't know, my fear is always that i have been waiting a long time and am sold out before the big climb. I have recently doubled and so only have 1/2 my portfolio. Many times i am saved and offerred an opportunity back in the market. Other times not. This time doubly sucks as just after my sale i sold the rest of my position setting a limit "buy" order at 60 cents ...more

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Comment by masurra on Jan 07, 2021 4:27pm

I think you can chill. When the prices start to move the real event starts. This is just a surprise bonus. I think you have to look at how hyped up various sectors in the market already are because of the easy money. I see this as a sign that the coming rally might exceed our expectations a lot. Remember Tesla has a P/E at 1300 or something. This time we wont just get these old fat white guys ...more

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Comment by toorisky29 on Jan 07, 2021 4:35pm

Now this is some good analogy.. this is just a pilot episode of uranium.. a introduction of it going ahead of itself.. but soon fundamental an true Market sediment will kick in.. an it's not just the old fat guys from 2007 rally that will want in.. it's the weed speculators an bitcoin parties that want to grab the action here as this could be the mother of all profits

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Comment by Nick1969 on Jan 07, 2021 6:22pm

masurra..What is your top target price for this stock longterm ? And I mean 3-5 years ? i bought 20K shgares at 0.48 and I know I am not going to ever lose on this one . But i am willing to wait and cash in hopefully at a point when this stock reaches again its previous levels of $ 5 -6 or more hopefully. I am a big believer in Uranium as the future of reliable electricity to ...more

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Comment by masurra on Jan 10, 2021 9:15am

I have no such long-term price goal. My only long-term plan is stay through the price crunch up above 60 and a bit more if I don't see a large market crash in my imaginay crystal ball. I strongly doubt I will have uranium stocks longer than 1-2 more years. This is a sector with a unique downward risk. If you haven't done it, go back to 2011 and watch what happened with the stocks after ...more

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Comment by toorisky29 on Jan 10, 2021 3:15pm

What is the highest price point you see with Denison.. I guess an cannot believe tgis was 4.00 before Fukushima .. so it should be minum thwt target again or better

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Comment by MightyMorf on Jan 11, 2021 6:59am

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Comment by Danweld on Jan 11, 2021 9:42am

The stock was at $4.00 pre Fukushima. How ever you count the number of times Denison put out flo through shares and added them up you would not be very far off that number today! Denison shares have been watered down considerably! It will be a long difficult climbto $4.00 again!

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Comment by iggy0 on Jan 11, 2021 10:19am

At the time of fukushima I believe the stock was at just under $2 and uranium was more than twice the value it is now. $4 may be a stretch but there's still considerable room for growth.

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