Globe says among developers Sadowski likes Denison 2013-05-03 07:36 ET - In the News
The Globe and Mail reports in its Friday, May 3, edition that Raymond James analyst David Sadowski says global uranium prices appear poised for a sustained increase, starting in about a year. The Globe's Sonali Verma writes in the Number Cruncher column that Mr. Sadowski says: "We retain conviction of a global shortfall situation. ... Recent share price weakness continues to imply attractive entry points for most names -- we encourage investors to build positions in higher quality names that can weather current spot price weakness, but are poised to benefit from what we view as an inevitable rise in uranium prices." Among developers, Mr. Sadowski likes Denison Mines ($1.16). Mr. Sadowski says, "We view Denison as the top explorer company in the world's best uranium jurisdiction -- the Athabasca basin -- with compelling takeout and medium-term production potential." Mr. Sadowski adds that Rio Tinto PLC, Cameco and some Asian nuclear utilities appear interested in Denison's assets. On April 15, 2011, The Globe's Ian McGugan said uranium stocks were looking very attractive in the wake of Japan's nuclear disaster. He said Denison was worth considering. It was then trading at $2.27