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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

Comment by Born2Struggle2on Jul 30, 2022 11:09pm
233 Views
Post# 34862788

RE:RE:CONSOLIDATION ?

RE:RE:CONSOLIDATION ?Yes it is pretty much a fact that consolidations result in a couple of years of grief for us shareholders. Only one that worked out for the better for me was EFR - when DML spun out EFR. EFR pretty much immediately consolidated and if I recall correctly it was a 50:1. I did get out with a gain after that one, prices actually rose a bit after the split and then dropped along with the U spot - etc.

My guess is that after the take over, we will be re-organized and issued "new" shares at least 10:1 is my guess. So the new Denison will open around + $10 per share cdn maybe close to $15. and then the price will erode over the years until ( options and share issues ) Phoenix is up and running. Thinking we will see a drop in the SP next week, we being the acquirers - was wondering about the weakness on last Friday, some with an in likely took profits.

Personally, my belief is that I would have liked to see Phoenix generating cash then go on the acquisiton search. This kind of a distraction from the primary goal - worrisome and why now is a question I hope Cates answers.. But, leadership has been effective at leading in the past so likely things will eventually work out for the better. U ex corp does have decent projects/deposits. 

GL2A
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