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Gold/Mining/Energy : denison mines -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (265)	3/17/2002 3:19:45 AM
From: baystock	Read Replies (1) \| Respond to of 301

<DEN's cash flow should be about $1/sh and hence the optimistic valuation of about $6+ per share. > If there will be 16 million shares outstanding post consolidation, that would mean DEN's cash flow is $16 million. But their revenues for the most recent quarter ending 10/31 were only $4 million or $16 million annualized. So your cash flow numbers seem way too high, since it is highly unlikely that cash flow is the same as revenues.

To: Lalit Jain who wrote (265)	3/17/2002 12:39:32 PM
From: John Sladek	Read Replies (1) \| Respond to of 301

Lalit, Even if there cash flow were to be $1 (and your math looks to be a little off), why would an institutional investor buy the stock? Seriously. After all, this is a highly speculative company with a very bad track record at creating shareholder value. Also with only 16m shares o/s, it will be very difficult to short If it's difficult to short then it's illiquid. Why would any institution want to get into an illiquid stock?

To: Lalit Jain who wrote (265)	1/15/2003 10:27:21 PM
From: John Sladek	Read Replies (1) \| Respond to of 301

Well it looks like that prediction didn't pan out. What happened to the "fund managers"? After consolidation, DEN's cash flow should be about $1/sh and hence the optimistic valuation of about $6+ per share.