Email of the day (3)
Comment of the Day

November 01 2010

Commentary by David Fuller

Email of the day (3)

More on uranium:
"I was interested in your purchase of Denison Mines Corp. It appears that as I am a UK national but a retiree in South Africa the stockbroking arm of my UK bank cannot help me with the acquisition of foreign shares. I did wonder whether any other subscribers face this problem? Would you know of any UK registered fund that has exposure to this market or indeed to Uranium mining in general?"

David Fuller's view I am surprised and can see no reason why the stock broking arm or your UK bank cannot buy a Canadian share for you. However there is a small UK registered investment trust with exposure to uranium mining shares: Geiger Counter Ltd (GCL LN), currently selling at a discount to NAV of over 12%. It may be commencing a consolidation of recent gains. Here is the Description page from Bloomberg and also their Top-5 holdings which can also be found in the Chart Library.

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