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Stockchase Opinions

Gavin GrahamDenison EnergyDEN.TOBUYAug 08, 2005

Looked on as the cheap way to get into uranium. Very good quality mines in Saskatchewan.
$17.18

Stock price when the opinion was issued

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HOLD

Uranium has ups and down, but a revival in nuclear power helps. It's broken out of $4.50 and held, which is encouraging. $5.50 is resistance and could bounce in this range.  

BUY
106 million pounds mined from ground sources, but 180 million pounds were used last year. The difference has come from warheads, and inventories. There is a shortage of Uranium. Denison has a great management team. Has backing of the Lunden family. It owns 2 out of 4 of the mills that can process uranium. Around $12 is a safe bet if you want to hold if for a year.
BUY
Has become the uranium play be default with the Cigar Lake mine problems of Cameco (CCO-T), Has production, so is looking better than a lot of the juniors.
PAST TOP PICK
(A Top Pick June 26/06. Up 99.5%.) Among institutions, this will rival Cameco (CCO-T). On any serious pullback it would be a buy.
BUY
One of the few uranium entities that you can actually participate and see cash flow in a rising uranium market.
BUY
Merging with IUC (IUC-T). These are 2 B companies, putting them together and not getting anything out of them but production growth. Feels uranium prices are going through $100 over the next year or so. Prefers Uranium Participation (U-T).
COMMENT
IUC (IUC-T) and Denison (DEN-T) are merging and is a perfect marriage.
BUY
What hurt this company, after the disaster at Cameco (CCO-T) was that they where in line to do some of the milling work at Cigar Lake. This will actually be recovered with much higher uranium prices.
TOP PICK
Denison mines (DEN-T) and International Uranium (IUC-T) are merging. International has lands plus processing in the US and Denison has processing.
BUY ON WEAKNESS
Merging with International Uranium (IUC-T) and in 2/3 years it will make loads of sense. Volatile enough that you can wait for it to get to $16.
TOP PICK
International Uranium (IUC-T) and Denison Mines (DEN-T) are merging, which will make a very serious #2 uranium producer.
HOLD
Being acquired by International Uranium (IUC-T). This is going to be a very interesting company. Some seasonal weakness.
BUY
The next largest producer to Cameco (CCO-T) and a little bit undervalued.
WEAK BUY
Has been a bit frustrating. All right.
HOLD
At this price, it's an interesting stock. Would expect some positive moves over the next 6/12 months.