Bought Uranium Stocks

Been looking for a chance to buy Uranium producers.  For the inevitable uranium bull market.  Was waiting for a market correction, but this news ("Chinese nuclear plant 'performance issue' reported by its French joint operator") hammered Uranium stocks last night.

Decided to take the plunge and buy a 3% position.  For something this risky, its gotta be a small enough position so that it doesn't hurt too much if it halves.   Otherwise I can't stick with it.  This is a "buy and forget" trade.  I want to wake up a few years from now and find we're in a Uranium bubble.

Theres only 2 publicly listed Uranium companies currently producing:

• Kazatomprom - the world's lowest cost producer in Kazakhstan (LSE:KAP).  Bought 364 GDRs @ USD 31 each. 
  
• Cameco - a Canadian mid-cost producer (TSE:CCO).  Bought 570 shares @ 23.83 each

Its risky.  Short term, the knife can keep falling, even if the fears turns out to be false.  After rising so far, these stocks may need a few more more days to shake out weak hands.  Long term, they can go up 3 or 4X if a real Uranium bull market occurs, like in 2007.  They can also drop by 2/3rd if the worst turns out to be true and we get another Fukushima.

(Edit July 2021): Realised Cameco is a mistake, sold it off at a small loss.  Its a barely profitable company, not one that I want to hold when I may have to wait years for a recovery. Sold it off at a tiny loss.