Fundamentally not a very good company. Not profitable currently. DNN is getting caught up in the uranium bullmarket explaining the increase. DNN has some big projects starting up and with increase of uranium demand the company has a very good shot at getting profitable in the medium term. (Note: stockdillution will probably not happen because DNN has internal sources of cash flow from the management of the Uranium Participation Corp. and Denison's Closed Mines Services.)
PT shortterm $3.30 (based on elliotwave) PT longterm ?? can DNN become profitable? How agressive will uranium bullmarket be?
@Slippe wonderful analysis. I think that uranium as a commodity will start to pick up as overall production is slowed due to covid and our political arena among other factors. If this does hit $3.30, I'll feed 100 homeless people ;)
chrisnyc64
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@Visionary So you are not buying the $3.30. I'm hoping for $2 for a quick turnaround
Slippe
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@chrisnyc64, uranium will be in a multiyear bullmarket. This won't go to 3.30 next month. Shortterm I'm talking about is 1/2 years
Visionary
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@Slippe, @chrisnyc64 I agree with Slippe. It'll take sometime for it to hit 3.30 lol. $2 is definitely a closer target. #PAYtience ;)