Bullboard - Stock Discussion Forum Denison Mines Corp T.DML

Alternate Symbol(s): DNN

Energy

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... see more

Add To Watchlist

TSX:DML - Post Discussion

Denison Mines Corp > Uranium Spot price ❓

View:

Post by mangoe on Nov 26, 2024 2:22pm

Uranium Spot price ❓

John Quakes

@quakes99 -

Spot #Uranium is beginning to recover today from yesterday's month-end smash as #Nuclear fuel price reporters UxC pegged their November month-end prices. As we've discussed ad nauseum, the Spot market has insufficient liquidity to support true price discovery. It's like trying to get orders filled at fair market price on OTC Pink Sheets with no Market Maker to provide liquidity. Buyers know that there is always a month-end seller who needs to clear material off their books to bring in cash flow needed to support their operations, so we see buyers drop their bids to see just how low those sellers will go. They got their answer yesterday and today are raising their bids once again now that sellers are pushing their Asks higher. Such is the month-end game that's just market noise.