Denison Mines Corp (DNN)

[Waidon]

Good news, bad news...

Today the article has been released that Japan decides to cut their plans to raise nuclear energy to 50% of their energy supply. They will "start promoting green energy" Strange, since they said the complete opposite some days ago...

I don't think Japan is giving it up completely, we won't see the immense rise as was announced. But I have all reason to believe that japan's demand for Uranium will still go up 5-10%.
The prime minister is just securing his seat, in my opinion.

Link to the article:
http://www.forbes.com/feeds/ap/2011/05/10/general-as-japan-earthquake_8458779.html

On the bright side, the newly industrialised countries' demand for Uranium will be surging! India's power demand is estimated to double by 2025! The indian government believes that nuclear energy is the way to achieve this. At the moment the relationship between Australia and India is a bit harsh. Although Australia has the biggest uranium storage in the world (40%) they will only account for a big part in it. And don't forget India in't the only NIC! The demand for Uranium will still be up, at least equal!! Don't forget that we aren't owning shares of a nuclear power plant but of a uranium mine, DNN will always get their Uranium sold at a good price! I believe DNN starts making profit from 50$/lb... the price is at 56.50$ at this moment. Nuclear energy is a sector that will not easily go away