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Denison Mines Corp. (DNN)

NYSE American - NYSE American Delayed Price. Currency in USD
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1.0400-0.0300 (-2.80%)
At close: 4:00PM EDT

1.0900 +0.05 (4.81%)
Pre-Market: 5:34AM EDT

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  • 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
  • K
    K
    Hold or Buy More?
  • J
    Jerry
    I'm keeping my fingers crossed that Denison will be at $5.00 a share by the end of the year.
  • 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
  • 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
  • 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
  • B
    B
    I just bought in today, adding more share when I can. long term hold.
    Bullish
  • D
    Dmar
    explosive news: high grade U-deposit. 15% - 30% gains this week are at the low end estimations.
  • 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.
  • P
    Punish
    Just bought more!
  • C
    Chris
    would have expected more movement off of news today
    Bullish
  • T
    ToykoJoe
    The cup, handle, nor the guy drinking the coffee has a clue what this will do on a weekly basis. Uranium is out of hibernation now and we will be fine. Buy and hold, you will be rewarded within a year.
  • S
    Sarah
    There might be a monthly cup and handle but the trend line is more significant in my opinion. Connect the lows of January 27-29 (~63 cents), March 5 (86 cents), and March 29-30 (~$1.02). Today that trend line rises to around $1.09. Stay above that trend line and all is well.
  • M
    Mat
    Can someone who understands technicals explain if this is a cup and handle?
  • J
    J
    I will lay it out again. In a Time where there is an energy shift...

    https://tradingeconomics.com/commodity/uranium

    I'm not sure about the market today but it used to be the companies that control the uranium would build reactors at a loss because they supplied the uranium and they made up for it decades after
    Bullish
  • N
    Napalm
    $URG $UEC $DNN $UUUU

    Let’s put the Cigar Lake restart in perspective: “How big is the uranium deficit in the future?”

    https://www.reddit.com/r/UraniumSqueeze/comments/mj8700/how_big_is_the_uranium_deficit_in_the_future/

    Cheers
  • 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
  • J
    Jerry
    The spot price for Uranium broke through the $30 barrier last week, and shows promise it will keep climbing even higher...
  • K
    K
    This market is volatile, buy and hold ... quit complaining its doing bad one day ... That's how the stock market works!!! Ups and downs folks. Ride them out. DML has room to grow.
  • R
    Ross
    added 15 k today, have a nice weekend, great time to accumulate
    Bullish