Yes the inflow in SPUT has halted the last couple of days. It...

Yes the inflow in SPUT has halted the last couple of days. It does seem a little planned with the current spot price to low for any miners to (re)start any mines. Which is good because once that starts the count down to new supply hitting the market starts. But will still take several years from then.

And yes the fundamental picture is simply excellent. The utilities will absolutely need new mining to start sooner rather then later and that will only happen at higher prices.

Many reasons for the extended bear market we have seen over the last decade have done a 180 degree turn and are now a firm tail wind with new reactors coming online (at least 10 per year the coming years), new reactors under construction and planned. Sentiment towards nuclear power is also improving rapidly and will likely increase much more once people see the actual shortfalls in renewables (issues are already starting in the UK and also some US states) and increasing electricity demands with electrification of the world. And then there is the rapid advancement of SMR's

The US and Russia are about done turning their nuclear war heads back into fuel and the US has actual plans to increase their uranium stockpile with about $1 billion. China also wants to increase its stockpile by a large amount over the next couple of years. Japan has said they won't be selling anymore of their reserves since they will be looking to continue to restart their reactors.

I also think many countries which have planned to shut down reactors will come back on their decision as sentiment is changing and the reality of the actual cost (in $$ or in green house gases) start hitting home. Germany is very good example with about double to cost and triple the emission for electricity on a per capita basis compared to France which gets 70% of its electricity from nuclear.

And then there is SPUT. Honestly if you are a fund manager with a few billion at your disposal, there wouldn't be many places you could make such easy money! If you have $5B you start positioning yourself to the tune of $4.5B in uranium stocks...And then you apply the remaining $500M to SPUT! The previous $350M or so pushed the U spot price up by about $20 (67%!) and the U stock on average by more then 100%!! So you can double you money right there! And then rinse and repeat. And more and more people and funds are likely to join in...