Global Uranium Outlook, page-14

If you are new to"trading", I suggest you should be cautious of figures put out by industry groups. You might find that such figures forget to include reactor shutdowns and planned reactors that never proceed.

I don't follow PDN these days, but have held at various times, including the boom and bust.
But with reactors shutting down in the US - unable to compete on price with gas - and solar approaching the price of gas generation I find it hard to see a big future for uranium.

The first and second rules are the most important to remember - look up Buffet. They would stop you losing money by averaging down.