Rob Chang also says 
" We are of the opinion that
a 2-for-1 share consolidation should be increased to 4-for-1 in order to establish
a comfortable margin above the $1 threshold for U.S. exchanges. As it currently
stands, a 2-for-1 consolidation would create a new company trading at about
$1.85/share on the TSX or about US$1.45/share using a 1.27 CAD/USD
exchange rate. As such, a particularly weak trading period in the volatile
uranium sector could have Denison Energy trading below US$1.00/share and
bring with it the risk of being delisted. A bigger share consolidation would
substantially reduce that risk."