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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 CatchTheKnifeon Nov 10, 2020 2:36pm
107 Views
Post# 31871546

RE:RE:Re: Move

RE:RE:Re: MoveBasing a current investment decision on a past investment decision (the purchase) is dangerous. Investments should be constantly reviewed as the outlook for every company is ever changing. If you purchased shares in a company based on your previous research and you are now 50% under water, you need to assess why the share price declined. If there is no fundamental change since your original purchase, then averaging down may be the right thing to do. I the case of Denison, as it is not generating enough revenue to reach production, additional financing will still be required (equity, debt, off-take). Financing decisions, progress towards production, and exploration are all fundamental changes to review. When I am making a decision on whether to purchase shares in a company I already own, I like to assume that I do not own shares and consider whether I feel the investment is worth it given the current share price. If I believe it is, I buy. If I believe it isnt, I sell my current holdings. If I dont think buying it has strong prospects for profit, then why would I hold it? I personally believe in Denison and am continuing to hold long term. I have averaged down several times from my original purchase around 10 years ago at $1.20. In a uranium bull market, I think $5 is attainable, however I will have exited much of my position prior to reaching that level unless there is a major fundamental change such as exploration results hitting another major deposit.
Bullboard Posts