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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
Comment by NUCLEARon Mar 23, 2013 9:05am
245 Views
Post# 21157873

RE: Takeover Offer

RE: Takeover Offer

there's been a lot of discussion on this very topic in the past few days with quite a few opposing opinions. I'm assuming your prediction of a 2.25 takeover offer which is basically a 50% premium on current SP would be if someone came knocking any day now (<3 months). Seems a bit low but anything is possible if the offer came sooner than later. I believe most DML shareholders would prefer any offer to happen later than sooner so uranium fundamentals have some time to kick in. Unfortunately, that part is not in our control and any serious contenders already know that waiting probably means paying more at some future date. Many on this board are unwilling to accept any offer under 4 bucks because they probably paid more for their shares(ie. pre Fukushima). It's only those who picked up DML in the past 6 months who stand to make a good profit whether a buyout happens at 4, 3 or 2.25 as you predict. The only thing you didn't mention which could be the wildcard in any offer is a potential bidding war which will throw all fundamentals out the window. I'm sure that is the Holy Grail everyone is secretly praying for.

Bullboard Posts