marcos,
Denison closed at 48 cents on good volume.
In today's Financial Post under an article by Paul Bagnell titled "Uranium will still have day in sun", Vahid Fathi, a mining analyst at ABN Amro Chicago Corp., believes the fundamentals are in place for a sustained period of higher uranium prices. He predicts uranium will sell for between US$18 and US$20 a pound two years from now. Current spot prices for uranium are around US$10 a pound.
I believe Denison is well positioned to take advantage of the ever increasing global energy consumption.
I have tried calling IR many times, but I do not get any more info than whats already out there. About the rollback, you know my feelings. In my opinion, Denison is a value play and a rollback should not depress the share price in the long run. You never know, some funds may be willing to invest in Denison because it will no longer be a penny stock. However, I do believe Denison will do better without a consolidation, as the fundamentals are good, and the management is doing the right things to position the company for future growth.
Cheers, Lalit Jain |
