RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Re: DenisonAuto - that could be a reason, however, their ISR projects are at least 3-4 years away. So purchasing uranium today to store for 3+ years doesn't make sense since it will only increase the company's annual expenditures which they can not afford to fund today except for multiple share raises every year. They are speculating that the price of uranium will increase and hoping that oblivious investors are willing to pony up more funds.
Another odd graphic that Denison posted was a chart of their share price history showing that its share price hit $15+ back in the mid 2000s and inferring that their share price can go back to those levels. The only way they can get back to those levels is to do a 10:1 share consolidation. No way this company should have a market cap of C$1B or US$800M with the amount of cash they burn through each year (with 700M+ shares outstanding and counting)
I've stopped trying to understand why there is still demand for this stock after the company has shown repeatedly that they are only interested in purging new/existing shareholders to line management's pockets.