Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Gogo who wrote (43658)	8/1/2011 11:11:59 AM
From: Difco	Respond to of 78537

Hi Georgi, The NYSE listing is a sponsored ADR, meaning Cameco's shares are held by the depository bank and Cameco has a direct involvement in the issuance of the receipts. Usually, the correction would occur through arbitrage of the shares - selling the overvalued and buying the undervalued. This could be done by regular investors or sometimes the depository bank (Bank of New York Mellon is the largest) could do it - think of BRK/B shares which are trading at a fraction of BRK/A as the depository bank keeps them in check. Difco