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Gold/Mining/Energy : denison mines

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To: mike kennedy who wrote (33)	3/2/1997 10:35:00 PM
From: Lalit Jain	of 301

Mike, I am sorry to learn about your misfortunes with Denison. I sympathize with all the preferred A & B shareholders. I was a preferred A&B shareholder myself. I agree with Dunnery Best that it is a penny stock. But if you ready my previous posts, I really think this stock is currently undervalued. It is because well known analysts like Dunnery Best think this penny stock is not appealing to mutual/pension funds, I think it is a great buy. As I previously discussed, imo a share consolidation for Denison may infact help the share price. Recent weakness in the stock price may be related to a softening of crude prices, and that the earnings have not yet been released. I hear 1996 earnings will be released by mid March. Regards, Lalit Jain

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