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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 20, 2013 5:41am
239 Views
Post# 21292451

FIS/DML

FIS/DML

I saw Bridge’s math formula on the FIS  BB and wondered how one would think it compares to the prices of these two stocks on Jan 15th exactly one day before the deal's announcement?

At the time DML was 1.45 and FIS was .56.

 Since the deal was announced, FIS picked up 36 million in value based on today's close of .84. I'm not going to do a calculation of the DML side because at .355 a share, and at a difference of .26 a share between $1.45 Jan 15th and the $1.19 close today that calculation is more or less meaningless. But FIS shareholders are ultimately better off today than they were Jan15th despite the fact that DML’s price has sagged. 

But if there had been no deal, I ask you what you think this stock would have been selling for without the press it got from the DML "plug"??  Sure there are some nice drill results, but in this "funk" the sector is in,  drill results by themselves "do not a mine make"!  But having PLS as a pure play sure helps!  DML's press got Dev's show a booking at Carnegie Hall! ---And why shouldn’t there be plenty more gains in FIS even after the deal goes through?

But seeing FIS stock retrace from 1.26 one wonders just how many warrants were exercised and sold above the 1.15 level or do you think that is an issue? Could the company flog its own shares from their treasury into that 1.26 rally? It is an interesting phenomenon indeed to see those shares retrace back to .84. I suppose it could be the result of flow through shares being redeemed immediately that option was available to those shareholders who would be selling  them strictly for tax loss advantages as soon as those privileges could be enacted upon,- and for a nice tidy profit too!!   Could somebody have shorted the stock in the 1.20 area? If any of these factors contributed to Fissions stock retracement, please don’t blame the DML deal for it!

 

 

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