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« Crosshair Exploration & Mining Corp: Not good enough! | Main | MEGA URANIUM: Acquires advanced uranium project. »
Saturday
Jan272007

Denison Mines Corp: A Buy, but not yet!

dml1

Since the merger with International Uranium Corporation at lot of interest has been generated for this uranium stock.

Overall we view this coming together of UIC and Denison as a very smart move. Good prospects added to good operational managers and a CEO, Peter Farmer who just oozes confidence all adds up to a ‘must have’ uranium stock.

The question is one of timing. We had UIC on our Watch List for some time and for various reasons we did not make an investment. May be we missed the boat, who knows? Our other selections are doing very well so it’s hard to say which stock we should have been ignored in order to buy into UIC earlier.

If we take a quick look at the chart we can see that Denison has had a good run recently as the merger with UIC has given the stock a lot of air time and media coverage. In our opinion this is not the best time to invest as everyone and his dog is clamouring for it. But it is a quality ‘buy’ and you could do an awful lot worse than parking your hard earned cash here.


dml27jano7


Back to the chart: It looks to us as though the initial excitement is over and the stock could be in for a little retrenchment. For now we will sit on our hands (I know you are saying what again!) and watch, as we believe the euphoria is over and a cheaper entry point is on the horizon.

If you have already put some of your funds into DML then we would advise you not to sell, just stick with it and ride out any turbulence as ultimately this stock is going higher and will return handsome dividends for you.

For us, we must try and find the right moment to strike. As Baron Rothschild once said something a long the lines that he was only ever happy when he was sure that no one else wanted the stock that he was buying.

Be Patient, something that we are not very good at!

27 January 07


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Reader Comments (5)

In a newsletter dated
Sun, 18 Nov 2007 08:41:11 -0600 (CST)
There was an article and chart on DML.TO
dated 26 Jan 2007.

Purpose ??????????

Dave

November 18, 2007 | Unregistered CommenterDave Hay

Dave, the article is dated 27th January 2007.

November 18, 2007 | Unregistered CommenterUranium Stocks

I am curious where you got your chart for DML.to. The chart I have has no resembalance. Yours shows about a $6 average from Oct 07 back, and up to $12 1/2, closing now at about $11 1/2. Mine shows a close of $6.54 Feb 11, sloping down from a high around $16 in the middle of May 07. Why the difference?

February 13, 2008 | Unregistered Commentertd182a

OK, I see what's going on. Your chart is labeled 2007, but it's actually an 06 chart.

February 13, 2008 | Unregistered Commentertd182a

td182a,

We are not aware of any error in our charting.

This article was published on January 27th 2007 and shows the movement of Denison's stock price in the 12 months prior to that date. The chart is clearly labelled and shows the last 11 months of 2006 and the first month of 2007.
You can view the same chart without our annotations by .

Any more questions, please feel free to ask!

Regards,

February 13, 2008 | Unregistered CommenterUranium Stocks

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