I can't agree. Read about lithium. A lot of mines ready to flood...

I can't agree. Read about lithium. A lot of mines ready to flood the market, that's why price drop + not so big demand.
Uranium is different. Lot of mines not ready to mine and existing ones redirected to China/Russia (Niger, Uzbekistan, Kazakhstan). Demand is growing with no sure what supply will come from.
Short term price movements are not telling much. After initial spike to 108$, price pull back to 71$. Fundamentals tells different story. Demand is growing, and inflationary pressures make old uranium prices not incentive for typical mines.
At the bottom of Pen pricing, you were waiting for it to go down even further.