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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 fergus2on Apr 15, 2013 10:41pm
303 Views
Post# 21257532

gold

gold

Alibongo;

Thanks for your views. I know I'm not “getting out much lately”, because I had to google your “Bilderberg” term to catch its meaning. 

Not having being shredded in the gold market lately I'm not so shell shocked as to consider what you have to say as having merit. As I've said before, no one person (especially Fergus) has a wrap on what could or should be done or what is right.

But living through this EU problem, I have not seen any of those central banks in Spain, Portugal or Italy securitize their bullion reserves and leverage it in the form of gold backed bonds for use in attracting capital to restart their economies. So the bullion sits in their vaults like deadweight and they look to EU bankers for leadership and handouts. It’s pure inertia and it isn’t the least like good old fashioned capitalism. Surely they could raise considerable amounts of money with this stash when people know that the bonds they purchase are backed with gold, - if the bank defaults. It beats having their citizens ship their money to Germany or the U.S to buy treasuries instead of investing it in their own country which simply reinforces dependency within the EU and all power flowing to France and Germany. And naturally higher bullion prices would have contributed to a more successful gold backed bond circulation and lower prices just the reverse! 

And it’s also a much better solution than dumping the gold  as Cyprus had planned to do. 

P.S. I also wasn’t aware of Goldman’s call on the precious metals market either. That certainly wouldn’t have helped either.

 

Bullboard Posts