SPUT US OTC impact on price, page-9

Hi

Can i get an unbasis interpretation of this statement please

I read this in an article:

The Global X Uranium exchange-traded fund (ETF) rallied strongly overnight, up 3.9%.

The uranium ETF provides investors with access to a broad range of global companies involved in uranium mining and the production of nuclear components.

Another likely catalyst for the rise in ASX uranium shares on Friday was an announcement out of the world’s largest physical uranium fund, the Sprott Physical Uranium Trust (SPUT).

The fund actively invests in physical uranium. It takes supply off the spot market and stores it in secured locations with highly reputable uranium operators.

On 17 September, the fund had accumulated 27.7 million pounds of uranium. By comparison, uranium investment firm Yellow Cake PLC reported total spot volume for 2020 of 92.2 million pounds.

This morning, Sprott’s Twitter revealed the fund had exceeded the 30 million pounds mark

Where can i find the current stock pile by Yellow Cake.
If in 2020 - Yellow cake accumulated 92.2m pounds - the difference will mean if their is still alot of demand for Uranium in 2021.

Also, what was the amount accumulated by Sprott last year - they currently have 30m pounds. Therefore the difference will give a good indication of how much more Uranium is still in demand.


Alot different to lithium stock - which has constant demand for a few years to come.

but Uranium - why is its spot price coming down - still alot of new reactors to come on - estimate 100 and 54 in development/planning. Too hard for me to understand - just hope it gets back to 85c.