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Gold/Mining/Energy : Denison Mines - DEN on Toronto..does anyone follow it?

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To: Jean Sutherland who wrote ()9/20/1996 7:05:00 PM
From: jim hood   of 38
 
Hello Jean, I have been following Denison for quite a while. Bought my shares for under $0.10 and have been enjoying the ride even since. The only problem with Denison is that they have over 200 million shares issued so not many people follow this stock, especially the big players. They are making money and a few weeks ago one of the major papers in Toronto said that Denison would one day be the second largest Uranium producer in the world. Once it can pay off its Elliot Lake debt things should turn around. A good long term hold but short term don't expect too much activity. If I recall, Denison makes most of its current revenue from oil property in Greece and with the recent trouble in Iraq, Denison may make a decent profit for the year. If it dips below $0.25 I would buy some. I think someone is currently buying it up at around $0.30 as it doesn't seem to ever dip this low. Makes you wonder.

Jim.

P.S. - my advice to you on the stock market is never take advice!!
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