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Denison In Precarious Position, Time to Sell

Denison In Precarious Position, Time to Sell – RBC

Seeking Alpha 22 March 09 Denison Mines Inc. (DNN) shares continued to fall on Friday, as concerns grow that the uranium miner will violate one of its debt covenants and be forced to throw up a for-sale sign at its operations.

The company said Thursday that it will consider selling assets and has suspended operations at its Sunday and Rim mines in the Western U.S., in an attempt to combat mounting losses…………………….“We think Denison is in a very precarious position. The simplest solution to its problems is for the uranium spot prices to recover to higher than C$50 per pound. Other than that, the easiest thing for Denison to do is to sell assets,

Denison In Precarious Position, Time to Sell – RBC — Seeking Alpha

March 26, 2009 - Posted by Christina Macpherson | business and costs