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Denison Mines Corp. (DNN)

NYSE American - NYSE American Delayed Price. Currency in USD
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0.9998-0.0202 (-1.98%)
At close: 4:00PM EDT
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  • R
    Rafael
    I'm in at 1.15 is that good?
  • T
    Trevor
    Is the world really going greener in the future and will nuclear power be a major energy driver?
    There are 3722 coals fired plants in the world today?
    There are 5,615 projected coal-powered plants planned for the future due to the much cheaper start up costs and the world abundance of cheap coal.
    Canada has 15 coal fired generation stations with plans for converting them to natural gas - building 0 nuclear plants in the future.
    USA currently has 15 coal fired generation stations - building 0 in the future.
    There are currently 392 nuclear power plants in operation in the world today with 49 planned or under construction up until 2027
    USA has 88 nuclear power plants and are shrinking as they near the end of their life. It is expected that by 2025 many of the reactors will have been shut down due to their age. Because the costs associated with the constructions of nuclear reactors are also continuously increasing, this is expected to be problematic for the provision of energy in the country.
    So North America is turning to natural gas fired generation along with wind and solar. Whereas, the rest of the world is primarily going to continue to rely on coal.
    If this proves out I don't see a huge future for Uranium given the current over supply and the amount of proven world reserves of Uranium. Just saying.
  • N
    Napalm
    $URG $UEC $DNN $UUUU

    China approved the construction of five nuclear power units, with total installed capacity of 4.9 GW, roughly 10% of the country’s total, two sources said, as Beijing strives for alternatives to fossil fuel to meet its climate goals.

    https://financialpost.com/pmn/business-pmn/china-gives-green-light-to-nuclear-units-to-cut-carbon-sources-say/wcm/cd2909ee-3243-4c86-a8e7-c522db8e3099/amp/?__twitter_impression=true

    China decided to go from +-50GW nuclear power in 2020 to 70GW of nuclear power in 2021 in China! And now they are pushing trough with new approvements and new reactor construction starts.

    Construction Officially Begins Of Two New Hualong One Reactors At Changjiang :The Independent Global Nuclear News Agency

    https://www.nucnet.org/news/construction-begins-of-two-new-hualong-one-reactors-at-changjiang-4-4-2021

    Cheers
  • E
    Extremely Ambitious
    Why this share was 14$ in 2007?
  • J
    Jerry
    Under 1.00 ?? .. This is a GREAT Buying Opportunity !!
    Bullish
  • N
    Napalm
    China just approved the construction of five new nuclear power units
    China approved the construction of five nuclear power units, with total installed capacity of 4.9 GW, roughly 10% of the country’s total, two sources said, as Beijing strives for alternatives to fossil fuel to meet its climate goals.

    https://financialpost.com/pmn/business-pmn/china-gives-green-light-to-nuclear-units-to-cut-carbon-sources-say/wcm/cd2909ee-3243-4c86-a8e7-c522db8e3099/amp/?__twitter_impression=true

    China decided to go from +-50GW nuclear power in 2020 to 70GW of nuclear power in 2025 in China!

    And now they are pushing through with new approvements and new reactor construction starts.

    Construction Officially Begins Of Two New Hualong One Reactors At Changjiang :The Independent Global Nuclear News Agency

    https://www.nucnet.org/news/construction-begins-of-two-new-hualong-one-reactors-at-changjiang-4-4-2021

    CGN and CNNC are going to buy more existing uranium projects abroad, like they did with Husab, Rossing (66%), Langer Heinrich (25%), Fission Uranium Corp, ...

    Who is next?
    Namibia is a mining country they like.

    Forsys Metals?
    Bannerman?

    Cheers

    $UUUU $DNN $NXE $URG
  • R
    Ross
    keep selling low, I'm doing all the buying I can, advising family to do so as well, glta
    Bullish
  • N
    Napalm
    And it keeps going on...

    UEC, Encore Energy and Peninsula Energy just announced additional spotprice purchases.

    https://resourcestockdigest.com/archives/news_releases/uranium-energy-corp-expands-physical-uranium-initi/

    https://www.prnewswire.com/news-releases/encore-energy-corp-announces-strategic-acquisition-of-physical-uranium-301262522.html

    Note: There is a difference between UEC and EnCore Energy on the one hand and Peninsula Energy on the other hand.

    Peninsula Energy is actually a uranium company with LT contracts with utilities in place like Cameco and Kazatomprom buying uranium in the spot to fullfile long term commitments.

    UEC, EnCore Energy, Denison mines and Boss Resources (Honeymoon in care and maintenance) are developers that buy uranium as a guarantee for future LT contracts they yet need to get. They will hold that uranium much longer then Peninsula Energy.

    Peninsula Energy will sell those pounds in 2022

    Cheers

    $UEC $DNN $URNM $CCJ
  • A
    A different J
    I've been noticing increasing negative news concerning Denison (and Uranium sector)lately. That means almost rime to DCA again.
    Watch the CEO interviewed on Crux investor recently. Very impressive. Down to earth individual with a clear plan.
  • N
    Napalm
    Denison mines, Uranium developer in the Athabasca Basin - An overview

    Wheeler River project (90% ownership), Phoenix deposit: all-in-cost: 11,57$/lb U3O8 (ISR method), average cash operation cost: 4,33$/lb U3O8 (estimated first production in 2024)

    Wheeler River project, Gryphon deposit: all-in-cost: 29,67$/lb U3O8 (ISR method), average cash operation cost: 15,21$/lb U3O8

    Waterbury Lake project (64,20% ownership), J Zone deposit: all-in-cost: 24,93$/lb U3O8 (ISR method), average cash operation cost: 12,23$/lb U3O8

    Today the spotprice of uranium is around 31$/lb!

    Phoenix ramp up planned in 2024, Gryphon ramp up planned in 2030

    They are making significant progress on their Phoenix project --> On 9 November 2020 they decided to resume the Environmental Assessment process for Wheeler River

    And now they have 2.5 M lb uranium in stock at 29,61$/lb that they even don’t have to mine anymore, that:
    - they will sell at a much higher price a view years from now or;
    - they can use as a guarantee for financing in 2023/2024.

    They have recurrent revenue from their 22,5% stake in the McClean Lake mill

    Phoenix project will be permitted under the CEAA 2012 which is a huge benefit tot he project. Other projects under this framwork, permitting averages under 2 years!!

    The timing is perfect if you look at the macro fundamentals from now till 2025 and the fast growing structural deficit from 2025

    Denison mines is more and more in position to do what Paladin Energy did with the start of Langer Heinrich mine production in the previous bull run (2004/2007)

    I’m strongly bullish for the coming months and couple of years

    $DNN $UUUU $PALAF $CCJ

    I’m also strongly bullish for other uranium companies, like Energy Fuels, UR-energy, Peninsula Energy, Paladin Energy, Boss Resources, UEX Corp,...

    And Cameco, URNM etf, HURA etf, ... are no brainer LT investments for those who want to take less risk in their uranium investment

    Cheers
  • J
    Jerry
    I'm keeping my fingers crossed that Denison will be at $5.00 a share by the end of the year.
  • K
    K
    Hold or Buy More?
  • R
    Ross
    great time to accumulate
  • N
    Napalm
    $UUUU $URG $DNN $UEC

    For those interested in a detailed explanation (my own opinion) on the situation in the spotmarket today combined with the signal from Cameco yesterday announcing the restart of Cigar Lake while the Covid cases are peaking in Canada:

    https://www.reddit.com/r/UraniumSqueeze/comments/mo4a3d/now_we_know_how_much_u3o8_is_left_in_the_spot/

    Cheers
  • C
    Cosmo Kramer
    Buying all the DNN humanly possible with an additional 500 dollars tomorrow!
    Frog leap off top rope!!!
    Bullish
  • p
    psight
    Where is Napalm?
  • T
    Trevor
    There is an elephant in the room with DNN. It's their friendly neighbor CCJ. When CCJ sneezes DNN catches cold. As the demand for U308 increases CCJ will buy DNN and pay a premium including giving DNN a bigger position in the mill to sustain DNN in the future. The longer they wait the higher the price tag to CCJ. With DNN lower mining cost it's a no brainer. DNN are exploration experts and have never built and operated a mine. All the preliminary work and start-up experience necessary is currently beyond DNN's reach. Watch for a quick buy-out. Size matters among the giants like Kazatomprom and CCJ will need all the production they can get their hands on in the Athabasca region to compete.
  • C
    Cosmo Kramer
    There are investors of Gold I guess they call themselves Gold men.
    There are the Gem and Diamond folks.
    Me .. well I’m a Uranium man.
    I only buy DNN uranium.
    I like the Glow the greenish Nuclear Glow.
    Adios machachos.. see you Monday.
    I’m buying pre market 7 am. As always.
    Bullish
  • F
    Fariba
    bought 8k shares at 1.24
  • B
    B
    I just bought in today, adding more share when I can. long term hold.
    Bullish