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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 fergus2on Mar 07, 2014 3:35pm
472 Views
Post# 22296301

RE:RE:RE:no money

RE:RE:RE:no moneyBeaver;
Well I might be wrong on this but if my memory serves me correctly the Rockgate property was very promising and close to 100 million was put into its development. That acquisition could be a real ace in the hole for them. All buyers and sellers meet through necessity. If someone knows that DML is hard up for cash they'll show up to buy something they want. That's how business gets done.
I'm in the midst of reading Peter Crossgrove's book," Boardroom Games."  It's quite an interesting read on some of the stuff that goes on in the corporate boardrooms of Cdn companies (many mining companies mentioned by the way.) But from what I have read so far I would give the DML board full marks compared to what  Crossgrove describes elsewhere. Do yourself a favour and give the book a read. I guarantee you won't put it down once you've got into it. ($24.00 on amazon.ca)  If you check back in my postings I  you will find  the BNN.ca clips of Howard Green interviewing him at the PDAC on Thursday or Friday. You could then decide whether the book is worth it. But I'm quite sure you will think so.

I could be away off side on this and only time will tell. Sometimes when a stock gets on a roll like DML did from $1.60 to $1.95 and then falls back somewhat on a  retrace, you find out later there has been a placement. So maybe what you have alluded to has already happened. But I wouldn't put too much emphasis on that because if they can raise the money it means the bankers have given DML the thumbs up. . The whole uranium complex is getting better in 2014 what with the announced restarts in Japan etc. so the market has a better tone and DML gets carried along too.  But maybe Petro Loonie, B.C. Silver, Neptune3  or others could comment  on placement stategies because they are most likely the 4 computer people (traders) that know the ins and outs of the market better than I.  Perhaps some others will respond to this post and better answer your question. I know there is the usual competitive self interest on the board but most are not afraid to share their knowledge.
I banged this off quickly so my apologies for  grammer and spelling.

Bullboard Posts