Sold Kazatomprom, at USD 25.25. Loss of ~ USD 4.7K, or 21%.
Its no longer a dividend play who can benefit from rising Uranium prices. Most of their Uranium is shipped through Russia. Once that is cut off, they can only sell to China. Add to this the risk of holding shares in a Soviet satellite state.
Counting my gold as cash, I'm 6 or 7% in cash. And I'd probably be comfortable adding another 10 or 15% in margin. When the time comes....
Update: 7th Mar: Replaced it with Sprott Physical Uranium Trust (U.UN), 1140 shares @ CAD 16.54. Hard to find Uranium companies worth buying, easier just to bet on Uranium itself directly. Looks like it tried to correct yesterday but failed. I'm expecting the stock market correction to continue for a few months, but this may not affect Uranium.
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