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Gold/Mining/Energy : denison mines
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To: marcos who wrote (141)1/3/1998 1:11:00 AM
From: Lalit Jain  Read Replies (1) of 301
 
marcos,

Thanks for the URL.

Denison has been quite frustrating for me, but at least I did not lose money (I was actually up in 1997). I have not heard any more about a rollback than what was said previously. Oil has been soft lately. However, Denison is still making money, and loads of it. Their McClean mine will be producing cash flow soon during the 1st half (Uranium demand is outstripping demand and global reserves are falling at an alarming rate).

With all the cash Denison is generating, it is in an excellent position to snap up some companies with proven reserves that are trading at bargain basement prices. I too hope there is no rollback.

Happy 1998 :-)

Cheers, Lalit
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