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Gold/Mining/Energy : denison mines

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To: edde who wrote (91)	7/14/1997 5:16:00 PM
From: Lalit Jain	of 301

edde, Denison's President, Peter Farmer appeared on CBC Business World the weekend of July 12, to talk about Denison. IMO, was positive. Said that Denison's 2/3 revenues are from O&G and 1/3 are from uranium sales. He indicated that the low share price is probably due to the difficulty analysts have in analysing a company that has 2 different lines of operation, plus it has a large number of O/S shares (317M). He mentioned that Denison may some time in the future split the company. He touched on the Quebec Gold/Uraniun JV grass roots exploration program. Also that Denison is looking for acquisitions, possibly some advanced stage gold plays. Today 1.4 million shares crossed by Yorkton at 36 cents. Regards, Lalit Jain

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