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

To: marcos who wrote (135)	11/6/1997 6:47:00 PM
From: Lalit Jain	Read Replies (1) \| Respond to of 301

marcos, Denison closed at 48 cents on good volume. In today's Financial Post under an article by Paul Bagnell titled "Uranium will still have day in sun", Vahid Fathi, a mining analyst at ABN Amro Chicago Corp., believes the fundamentals are in place for a sustained period of higher uranium prices. He predicts uranium will sell for between US$18 and US$20 a pound two years from now. Current spot prices for uranium are around US$10 a pound. I believe Denison is well positioned to take advantage of the ever increasing global energy consumption. I have tried calling IR many times, but I do not get any more info than whats already out there. About the rollback, you know my feelings. In my opinion, Denison is a value play and a rollback should not depress the share price in the long run. You never know, some funds may be willing to invest in Denison because it will no longer be a penny stock. However, I do believe Denison will do better without a consolidation, as the fundamentals are good, and the management is doing the right things to position the company for future growth. Cheers, Lalit Jain