re: DJE.V - URANIUM - Dejour Enterprises – C$0.50
A “dual-track” Oil/Gas and Uranium E&P firm
This is a "DUAL TRACK" play.. they have their Athabasca Uranium projects AND OIL AND GAS leases which, when producing will provide them a steady cash-flow stream. This untypical portfolio for an Uranium exploration company can be expected to be a major source of exploration funds Dejour (DJE.V), materially reducing and mitigating the “dilution problem” inherent to junior miners.
dejour.com
dejour.com
The company is solidly financed, has a market-cap of around US$12m, and C$6m in the bank. 25m shares out fully diluted, which are trading around C$0.55 right now.
dejour.com
Dejour is already cleared for retail trading in the US by the SEC. A 20-F has been filed with SEC-Edgar and the company expects to trade on one of the public markets, my guess being the OTC/BB or the Amex in short order
sec.gov
According to the company, the last private placement this spring at C$0.65 brought in 7 major Institutional Investors, among them Goldman Sachs, UBS, Morgan Stanley and Passport Capital. Sprott and Haywood Securities are core owners also. Management’s interest appears well aligned with shareholders – owning more than 23% of the outstanding common shares.
Dejour is a signficant (#4 or #5) landholder in the Athabasca basin, the world’s major source of Uranium (supplying 33% of world production in 2004) and the only source of high-grade Uranium-ore. Dejour owns over 352.000 hectars in the basin. This year’s Uranium exploration budget calls for capital expenditures of at least C$2m.
Airborne surveys have recently commenced and the first results from their interpretation should trickle in by August 2005. Historically, more than $10m USD (in 1975 dollars) has been expended by former claimholders on their property so far and Dejour has been able to retrieve nearly all the data relating to such activities (geological studies, drilling activities, assays and other reports).
dejour.com
Dejour also boasts a great team of Uranium geologists, if not the best of all juniors: Dr. Lloyd Clark, who headed Cameco’s geology department of 70 geologists reporting to him now directs Dejour’s team of geologists. During his tenure at Cameco, their team found most of the early high-grade deposits in the Basin such as the MacArthur River site.
dejour.com
President is Doug Cannaday, CEO & Chairman is an experienced investment banker: Robert Hodgkinson. It should be noted that both, the CEO and the Chairman previously started O&G companies that became established juniors – now trading on major markets (like Petroquest Energy, PQUE). I interviewed the president recently and really liked what he had to say.
dejour.com
Discussion about Dejour is clearly limited (the company seems pretty "new")
stockhouse.ca
stockhouse.ca
These presentations say it loud and clear. IMHO, probably one of the best value in junior firms on Athabasca. This firm definitely will be less risky than many other U308 exploration plays because of their O&G “dual-track” strategy and the credibility as a company that they get across.
Noteworthy recent Interview with CEO Robert Hodgkinson
ceocfointerviews.com
Recent company Presentation
dejour.com
dejour.com |
