Yeah, the presentations are pretty bad. Like, the type of person...

Yeah, the presentations are pretty bad. Like, the type of person who's going to sink serious money into a company like this already knows the nuclear and uranium narrative. And there have been interviews with audiences that know the uranium thesis back-to-front already (thinking the Crux interview in particular) and it was apparent that AV was trying to sell the nuclear renaissance - comes off as a bit clueless in that context, which is a bad look (1) for a MD in this space. Also, the last couple of presos (PDAC and Brisbane) still listed JV partners in winter, which has come and gone, another bad look (2).

(From PDAC Preso - reused in Brisbane)


The issue is that the company, for all intents and purposes, appears to have done nothing since that last drill hole. A couple of new tenements, yes, sure, but there's no money to drill them. I've emailed both Andrew and Mike about what's happening on the JV front and no response, which is also a bad look (3). I mean, of course there are many things you can't say before something is announced, but even reassurance that conversations are happening and that the spring/summer timeline will be kept to would be okay.

Hoping that they hurry up with a JV, and sort the comms, or at least update the friggin' pack.

All of that said, I do believe that the people and projects are good, and while people might complain about the depth, if they skewer a monster that will all be forgotten in a heartbeat and all eyes will turn to Denison's deep ISR.