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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 22.5% 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

Denison Mines Corp
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Post by Canonballon Apr 01, 2008 11:26pm
173 Views
Post# 14928954

Hate to break the doom and gloom...

Hate to break the doom and gloom...But DML and CCO (CCJ) are both just finishing a head and shoulders pattern, or a double bottom, whatever you want to call it...so the charts suggest both are heading up... likely within days.

I heard that an Australian Hedge fund was in financial trouble and that they were selling "Canadian Stocks" to recover...a simple case of selling the good stocks to try and cover. Maybe someone can find out more of the details.

In any case... good time to be adding...in my opinion. I bought 1000 CCO and 1100 DML today to add to both my positions...putting my money where my mouth is.

Please review the charts yourself... on Stockcharts.com.  First bottom happened Feb 10, 2008 at 6.19 then quickly moved up to a peak (head) end of Feb first part of March at 9.50 then back down to 6.48 end of March second bottom or shoulder...now DML (and similar chart for CCO ) going back up ...first stop 7.71 the 40 Day MA then on to the 20 Day MA of 7.94.

Cheers ...any other thoughts out there?
Bullboard Posts
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