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Gold/Mining/Energy : denison mines
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To: John Sladek who wrote (264)3/15/2002 9:49:23 AM
From: Lalit Jain  Read Replies (4) of 301
 
John,
IMO, Institutional investors and fund managers are required to avoid penny stocks no matter how attractive they are. After consolidation, DEN's cash flow should be about $1/sh and hence the optimistic valuation of about $6+ per share.

If the stock starts trading above $3-4, there should ge more interest than now. Also with only 16m shares o/s, it will be very difficult to short.

Regards, Lalit Jain
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