What happened to this area?, page-2

As you allude to above - the thesis hasn't changed nor has the demand/supply setup. The spot price has been rising all year but has hit some resistance around 30USD a pound. U stocks have sold off with all commodities/metals stocks not for any fundamental reasons but rather as a risk off trade as a result of trade worries, Huawei CFO arrest and slightly weaker than anticipated Chinese economic data. 

But supply's continue to diminish, while demand is rising. Uranium will remain in deficit until U prices rise and U producers switch production back on, in my opinion U price appreciation is a sure thing, it's just about when not if.