I do seem to recall that they were working with some Russian outfit for fabrications at that time. I am also sure that Seth is aware of the 340k shares that he holds and that those would be worth 3mm at 9/share (and I suspect that he expects them to be worth many times 9/share). So, I do not see why you would get excited about some serial slanders' "opinions" on LTBR. Dissembling is their business.
They Live (1988)
Nada: I'm giving you a choice: either put on these glasses or start eatin' that trash can.
Frank: Not this year!
Nada: You see, I take these glasses off, she looks like a regular person, doesn't she? Put 'em back on...
[puts them back on]
I will also concede that they need to generate some revenue in excess of the 10k per month they are receiving now. Not so much to pay for the 3 million needed for the next 15 months of research but consulting contracts that give hesitant investors a more favorable outlook on their financials. The wait until 2017 for a licensing vendor to anti up is too distant to persuade some to buy into the pot of gold at the end of the rainbow promise. Put your traveling shoes on Seth and start sending the boys out to sell your services.
They are not without reproach. Thus your conundrum. Multiple times they have been on the shady side of the street pertaining to their financial maneuverings. Unfortunately its Business as usual in corporate America. But the end game is in sight if the design actually tests thumbs up. My belief is with all their years of testing the thorium fuels they know what they are doing. With all your years of flip-flopping here on this board you have zero credibility for stating the obvious. And the obvious is you are looking for a driven down share price to enter. You have already got caught empty when good news hit. You can't outrun them forever Dodger.
Stock all time low. After a reverse 10 to 1 stock split taking the stock from .40 cents to 7 dollars it's now after 7 years and the greatest bull market.80 cents. More importantly they are no closer now toward commercializations than they were 7 years ago. Bud, with all due respect, you sound like an moron
This is for CANADIAN bacon SWEDISH meat patties. You will need a GAME CHANGING ALL METAL grill with the ADVANCED FUEL DESIGN hickory wood pellets.
Steak (sirloin its not cheap, NOR WAY to expensive either)
A quality cutting utensil.
Prepare your ALL METAL grill with the ADVANCED FUEL
Then with a SHARPE knife chop the sirloin into burger consistency. Form into patties.
Sprinkle on SEED AND BLANKET with the CANADIAN bacon.
Cook until done.
Rest assured after you set these baby's on the ole picnic table you can expect APPROVAL COMING VERY SOON from your MAJOR PARTNERS at this BBQ.
Whew, I feel more relaxed now.
Years of Thorium fuel blanket and seed testing in Russia.
The Gold Standard for a country's start up nuclear program in the UAE
Many international ventures on behalf of US commerce, regulatory and industry matters
Associations with the brightest nuclear minds in the business
The switch to new LWR fuel designs, recognizing that the Thorium renaissance was decades away due to the slow US regulatory system
Road blocked by the Fukushima disaster
Road blocked by the Russian political scene
Areva near bankrupt
CNL going private
And still LTBR is finding a way.
To mitigate the impact of these unfavorable developments on our project, we have identified alternative sites outside Russia to complete the remaining demonstration work for our metallic nuclear fuel. On October 20, 2014, we announced the signing of an Initial Cooperation Agreement with Canadian Nuclear Laboratories (CNL), formerly known as AECL – Chalk River Laboratories, in Canada to perform fabrication and loop irradiation testing of Lightbridge-designed fuel samples at CNL’s existing facilities at Chalk River, ON, Canada. We plan to work with CNL on fabrication of our fuel samples at their Chalk River facilities, with full irradiation of the fabricated fuel samples to be performed in a pressurized water loop of the Halden research reactor located in Halden, Norway. The operating license of the Halden research reactor has recently been renewed through 2020 which fits well with our anticipated irradiation testing schedule. Our current plan is to have post-irradiation examination of the irradiated fuel samples performed on the same site in Norway. There is also the opportunity to utilize additional nearby hot cell facilities located in Studsvik, Sweden that are operated by the Swedish company Studsvik AB.
Sheriff "Little Bill" Daggett: This guy here is the Duck of Death...
W.W. Beauchamp: Duke Sheriff
"Little Bill" Daggett: Duck I say
Frog if you mean Apri, I owned it years ago when Novartis dumped them on a failed nail fungus cream featuring their Nex-act application. Some so-called molecular distributor molecule. The medicine in their sex creams is aphrodil which can be purchased cheap online. The US FDA wouldn't give them second look.
And no I don't short stocks.
You really want to laugh, your boy Sociopath is getting hammered over there on the APRI board.
Stay Thirsty and Neutral my Friend.
One other Key statement;
We have received export control authorization from the US Department of Energy for all the planned work in Canada, Norway and/or Sweden.
WOW! The US Department of Energy is in the business of "Make Believe."
Hi Jim.. A few answers from LTBR's SEC fililings.
The Russian political situation killed the Idaho Lab deal;
Our current fuel development and demonstration efforts are focused on key critical path items that include fabrication of semi-scale metallic fuel samples and their irradiation to full burn-up in a pressurized water loop of a test reactor under operating conditions close to prototypic for a full-size commercial reactor. Due to US sanctions already imposed on Russia and the potential for further political and economic isolation of Russia by the United States and the European Union over its role in an ongoing conflict in Ukraine, our original plan to have semi-scale fuel samples fabricated and irradiated under prototypic PWR operating conditions in an isolated coolant loop of the MIR research reactor in Dimitrovgrad, Russia was disrupted in 2014. Similarly, a parallel irradiation program for Russia-fabricated fuel samples in the Advanced Test Reactor at Idaho National Laboratory was adversely impacted by these unforeseen circumstances.
Money needed for near term;
Over the next 12 to 15 months, we expect to incur approximately $3 million in research and development expenses related to the development of our proprietary nuclear fuel designs.
got to admit the debate over the existence of any physical fuel rods has been the most entertaining thing on this board since the last batch of baggies tried to prime the old pump. GL all.
You gotta remember that the enrichment level in the uranium is higher, so it has more theoretically accessible fission power to begin with. That's why you can get both increased power and increased time between fuel rod exchanges in the reactor. I'm no physicist, but I'm guessing that they needed higher enrichment level for the metallic rods (compared to the currently used uranium oxide pellets) for something fundamental, with the power uprates dependent on the increased heat conductivity of the rods and the lifetimes just a side effect of the higher enrichment level. I've lost quite a bit of money on this stock, but I do believe it is a technology that might work. Like all, I'm waiting for someone to agree to build the rods.