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Opinions Bruce Campbell (1)
Denison EnergyDEN.TOTOP PICKApr 03, 2006
Did an issue 6 weeks ago at $17 and a 5-year warrant. The warrant was attractive. Hedge funds bought the issue and were shortening the stock and going long the warrant so there is pressure on the stock. Uranium and the sector is going up while this one is down 25%. They also have to shut down one of the major mines for maintenance which will create a weak quarter. Good price.
Bruce Campbell (1)Owned
$14.80
Stock price when the opinion was issued
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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.
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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.
John ZechnerOwned
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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.
Peter GrandichOwned
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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.
Michael SmedleyOwned
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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.
Bruce Campbell (1)Owned
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TOP PICK
International Uranium (IUC-T) and Denison Mines (DEN-T) are merging, which will make a very serious #2 uranium producer.
Michael SmedleyOwned
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BUY
The next largest producer to Cameco (CCO-T) and a little bit undervalued.
Bruce Campbell (1)Owned
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WEAK BUY
