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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

Bullboard Posts
Post by gillisron Feb 11, 2013 11:27am
482 Views
Post# 20968774

Raymond James

Raymond James

https://www.theglobeandmail.com/report-on-business/streetwise/denison-squeaks-under-the-wire-with-uranium-financing/article612534/

 

I just rediscovered this article...it is kind of funny looking at this now that Raymond James was the group that pushed the stock price up recently with their headline regarding the price target change to $2.00. They are sitting underwater on a lot of DML that were taken as collateral for a financing deal. I would have been pumping their stock price as well. As I have said repeatedly, this stock is so easy to pump and so easy to dump. With Rio having taken a large writedown on the Hathor acquisition, Cameco taking a big writedown in the most recent quarter, DML in a bit for FIS...I think the major's will be on the sideline for a few months watching and waiting.

 

At $1.60, I called the top and said I would be looking to get back in around $1.30-$1.35. We are at my strike price, but I still don't like it. This could head below $1.30 in the couple of weeks.

Bullboard Posts