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Gold/Mining/Energy : denison mines
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To: Big Red who wrote (9)1/22/1997 11:34:00 PM
From: Lalit Jain   of 301
 
Hi Jeff,
I dont know the exact date, but I think it will be in the 2nd half of February. IMO the stock has technically formed a base at the 30 cent level, and has started to move upwards.

The price that Denison gets from the Greece offshore Pinros oilfields is an average of 10 days before the tanker is loaded with crude. The tanker is usually loaded on the 21st of every month. So I suspect that Jan/97 was also a great month for Denison, and a great 1997 start.

Regards,

Lalit
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