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Gold/Mining/Energy : denison mines
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To: Lalit Jain who wrote (124)10/23/1997 10:08:00 AM
From: bruce m  Read Replies (2) of 301
 
You are doing a good job keeping us informed re Dennison.
I agree with your comments about" putting it away" and "fund managers."
For the price of dennison to increase by a dollar the company must improve shareholder equity by more than $300,000,000 or alternatively someone or a group must believe in a higher multiple and there seems to be plenty of stock available so deep pockets are necessary.
In my opinion a consolidation would benefit by giving the stock more respectability and limit the number of shares so any improvement in the company net worth would generate a better price rise.
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