They date back to I believe 2006, basically when then went public. First, this lies surrounded Thorium Power. Then their "transformational discover". Then testing their metallic fuel rods in the Advanced Test Reactor (ATR). Then skipping capsule irradiation testing and going to loop irradiation testing in the ATR. Preceding these lies, there was their MOU with Areva on their "thorium technology" (never materialized); their Punj Loyd MOU (a rep of LTBR said it could be worth a billion dollars... but alas never materialized). Then after the whole ATR fiasco (strange nest pas that a revolutionary nuclear technology and the ATR wanted nothing to do with it? Stranger still that they said they were having the ATR do a "scoping study" to study the safety of their technology and then nothing ever heard from again? Yet, now we are to believe that GE is interested in their fuel technology?). In the interim 5 years, think about this, 5 years, LTBR has not produced one test result. In 5 years all they have done is promise this and promise that. In 5 years despite the manner in which Seth starts every CC "this quarter we have made great progress" despite these words absolutely nothing has been done. Nothing. It is quite bizarre that they are allowed to continue as a public company. Essentially their business plan should read: Seth Grae, to continue to have a job and support his delusions of grandeur, is seeking shareholder support. But hope springs eternal.... I have warned you guys now for 5 years....
Your post reads like the posts of all the greedy "99 percenters" operating under schizoid delusions which populate the OTC stock blogospheres. There is no Thorium movement and there never will be. So Grae shifted to a new fuel rod design with conventional fuels. Where does LTBR's revenue come from? A few hundred thou a year from "consulting". It's a dog stock that rose to $3.79 based upon b.s. but it's now relentlessly grinding toward its true value ... ZERO.
Anybody presenting at a Peter Schiff conference is automatically dubious. Schiff's Euro Pacific company is known for sky-high fees and a lousy track record of prognostication. Schiff's alarmism may be conceptually correct but his main modus operandi is profit-making propaganda. These endlessly self-promoting pundits are nauseating.
The wealthy who own the vast majority of stock market shares are loathe to engage in TRUE investment (in plant and equipment) because they know the "99 percenters" have declining real wages and very little money to spend. Issues like LTBR that have almost zero revenue and thousands of other OTC stocks are being floated in la-la land by stupid money trying to find any place it can.
The Devil is working his magic and taking jabs at Jimlam again. Thanks for taking me back to the old days for at least one day. Ah the memories.
When LTBR was really broke that is when they announced their "transformational discovery" and sold I think it was 2 million shares to the biggest sucker of all Marxe Austin. Boy did they take it on the chin (they use every rally to sell shares as you can see on the insider transactions on Yahoo Finance). Now they are broke again. I mean they have 0 cash. Now do not delude yourself they can keep their luxurious offices in Arlington VA on a consulting fee to Vietnam. In their last Q they had 1.6 million in cash but they lose 1.7 million a quarter. Doesn't take much boys and girls to realize that in about another month LTBR is insolvent. So you are Seth Grae, a man who has no problem if not lying then at least exaggerating the truth. What does he do, he plants the seeds of not just 1 but many deals on the tables with the biggest fabricators in the world one of which already walked away from the company 5 years ago, AREVA. Seth knows there are suckers like Jimlam out there who still listen to the CC and invest with a dream and hope. He knows his only solution to the imminent solvency facing the company is dilution but to dilute at 2 dollars? I guess he can do it if it does it soon. Maybe, but why would anyone invest 2 million in a company to pay Seth's salary and rent when there has been no discernible progress on this dream in 5 years other than the issuance of a patent? This is the end game people. This is the end, finally, of LTBR......
Guys, how many times has CEO Seth Grae promised something and not delivered? Honestly, you don't think this guy is a incorrigible liar? I know he hides behind the safe harbor statement thus he can't be liable for forward looking statements but this is getting egregious! Let's start with the most recent claims. End of 2013 a collaborative agreement expected in 1st Q 2014. Did you hear the analysts from Roth on the CC two quarters ago? he was like, so in the Q you changed the language what happened to the MOU with B&W? Of course Seth back steps and say well we are working on it. Now it is before end of year. But remember the MOU with Areva 5 years ago and NOTHING. Remember testing in the ATR and NOTHING. Remember Punj Loyd and NOTHING. Ok things change. C'est la vie. But this guy is on record stating things over the course of 7 years and NOTHING. Remember, fabrication of the rods 3 years ago? NOTHING. One day I will delineate all the promises chronologically and publish them on Seeking Alpha. It is like Seth doesn't know that the net saves everything. His lies are on record and when 2014 ends and there is no news on B&W and his "agreements" with "one or more" western fabricators does NOT come to fruition then how is this guy no prosecuted?
This ain't helping.
Here’s the latest sign that uranium-mining doesn’t pay: Paladin Energy, an Australian uranium mining group, announced today that it was ceasing production (pdf) at a key mine in Malawi. The move will take 3.3 million pounds of uranium per year off the market.
Paladin blames the plunge in the market price for the commodity, which has been languishing below $30 per pound, down from a peak of around $140 per pound in 2007:
Paladin is far from alone. As uranium prices have tumbled, others have been feeling the pinch. Indeed, for some 60% of global uranium production, the cost of extraction is higher than the market price for the commodity, the firm says.
In 2012, BHP Billiton put off a $20-billion expansion plan for a mine that sits on the world’s largest known uranium deposit. The prospects for processing more yellowcake at the site still look dim, given depressed prices. Yesterday, the French nuclear group Areva signed a uranium mining deal with the government of #$%$, the world’s fourth-largest producer, but immediately put the start of the project on hold until prices improve. “Neither Areva nor #$%$ are interested in dumping uranium on the market that would not find a buyer,” Areva boss Luc Oursel said.
And so the half-life of the uranium bust continues to last longer than many expected, making market conditions inhospitable for mining companies, as well as the long-suffering investors that placed their faith in them.
The nuclear industry is undergoing a major shift – from one where projects were almost exclusively government owned and sponsored to one where private finance is being sought, George Borovas, partner at Shearman & Sterling LLP, said today
"Increasingly, another trend that we're seeing is toward international joint ventures to create these projects and we are looking at a global human resources requirement for the 'turn-key' approach, 'build-own-operate' models and significant operational support – which is particularly significant for emerging nuclear countries because they don't have the resources
"For all of us in the project space, we need to engage with financial institutions early on. Too many times, and we've seen that with our clients, we have somebody who comes in, develops a project, starts talking about technology choice, starts creating contracts and then, after two to three years, they go to a bank for help with financing. The banker looks at them and says, 'I couldn't possibly finance this', and you have to go back to the drawing board. You need to get a bank's feedback on the project early on," Borovas said.
"We are starting to see the emergence of certain issues, like the requirement for vendor financing – so vendors are being asked to put equity into these projects, which is not a natural place for them to be because they don't think of themselves as project developers, but that's something we’ve seen in recent times – such as Kepco for Barakah in the UAE, Hitachi for Horizon and Toshiba for NuGen in the UK, and Westinghouse for Kozloduy in Bulgaria.
Last December, when Seth said they would have a MOU with B&W in the 1st q 2014 I said watch what they do not what they say. What happened? Forget B&W they have lots of problems and are not throwing a dime at a pie in sky idea (watch the Scottish elections next week but they will vote "no" as the banksters are there now scaring the bejesus out of them). LTBR right now is busted. Seth is doing all he can to keep the share price up so dilution doesn't look silly. So ask yourself, do you feel lucky? If you do, throw some money down on LTBR and sell the news should it ever come. Or, wait for dilution. It has been 7 years and absolutely no progress on anything so I find it hard to believe with no testing, 5 years later, Areva is saying yes to LTBR. The is especially so since they said "no" to them 5 years ago. Sorry bro, this makes no sense to me. It hasn't for years now.
Only Then is it Zen!
The Adventurous Toad
Becomes one with the Road
Mac's John Deere machine
Cuts right to the spleen
But the Amphibious Emulsender
Is a Frog in the Blender.
Super..Are you selling the house so you can bet it on LTBR?
Seth only needs tow in once and it's zoom to da moon........
Do you question the rods safety superiority?
How low do you want it to go before you buy?
Whats your target low? Do you want some of that European loan money where they give the borrower interest and you can buy shares? Hahahahahaahahahha
Seth has done me a small kindness which to me was a big kindness....he could speak with a serpents split tongue and I would have no ill words for him.
I love you all, be smart with your money.
This said I wqant to play!
Let the battle begin!
I like LTBR!
Damn you devil! Jim see's through your Evil ways!
Congrats on ASPU
You have money to manipulate now!
You know I asked Seth a question several years ago, he only recently seems to be answering it.
Did you see the Big picture with the Big names from the presentation?
Now Devil, what is your proof that B and W is over and not just around the corner? Answer that Dark One, Dad, Insta-Chess, Lover of Frog's, CD'S Budda Buddy!!!!!!!!!!
Didn't that 123 actually get signed? Did you see that? Seth has been smokin' the bacon so when he brings it home!!!!!!!!!!!!!!!!
cramer changed his stance on achn, real fast to a "I'll Pass"
CD...what makes you think I didn't sell some ltbr higher? You don't know.
Bought back nvax, largest position to date....meeting Tuesday I think, a lot of different plays on NVAX
I picked up HEB and have a nice NLNK position, I told you about that one dad.
Ya'll should start reading some ebola news, forcast are now ugly
remember vaccine is preventative, zmapp has no more.....tradable players are thus far tkmr, nlnk, heb and maby even nvax....and glaxo of course
waiting for astm to go lower