If you had a house that you expected to be worth a million dollars in the "not too distant future,", would you put it up for sale today at $200,000? Because that is what Neumeyer is doing: go to the web site and buy all the bullion you want for $21/oz. He is a fantastic mine operator, but in terms of maximizing shareholder value, anything but. He should have been reducing, not epanding production. I just wonder what deal he gave those Japanese electronics manufacturers.
That may be true, but in this case, it amounted to a condition of General Internationa Holdings Inc.'s Xingping Hou (who is now co-Chairman of LTBR) in buying $2.8 million of preferred shares, and that, IMHO is very encouraging. China is a huge market for future nuclear power generation
Well, management settled that issue just a few hours later when they announced today a one for five reverse split later this month that will satisfy the $1/sh listing requirement with plenty of room to spare.
I hope you are right about price movement, but I don't see evidence of fund buying- where did you get that idea? From June 2, when LTBR was $0.49, until June 27, when it dropped to $0.39, the heavy volume was on the sell side. Only when a Chinese investor stepped in on June 29 did things start to happen, IMO. (See Yahoo historical prices graph)
I was surprised when all the news about LTBR's patent recognition, especially in Asia, a huge future market, the past 6 months had so little effect on the SP, but suddenly news of the European recognition seems to have ignited interest. The $2.8 million convertible preferred investment from General International Holdings Inc., an entity controlled by Mr. Xingping Hou, was very interesting, especially in that it is" subject to certain closing conditions, including the Company’s continued listing on the NASDAQ Capital Market." One requirement for continued listing is a share price of $1.00.
In fact they just got a downgrade 6/29 (a monument to bad timing) by TDAmeritrade, from Buy to Hold.
Be still my beating heart.
Make that 28 million shares in one day at the close, and a price change of 1% (!) It clearly wasn't massive selling, or the price would have tanked, and so someone was let in to buy without having to fork up.
22 million shares traded as of 2PM EST and the price changed just 2%. Now that is how a market is manipulated.
The bids shown at the brokers' sites are the highest prices bid, not the lowest, IMHO. The prices are only driven lower by selling or short selling.
Well, for one thing the much-ballyhooed drought in Southern India ended with monsoon rains coming only one week late, and state forecast for crop production pretty much normal as well. Company news about relocating their distribution headquarters to Indiana was also encouraging, IMHO
Good article, though Moller is not the one with deep pockets. The more interesting news, which seems to have escaped notice, IMHO is their(Freedom Motors, which would be paying royalties to MLER) coming presentation and demonstration of their Rotapower Generator (compact Wankel APU) at a military-oriented conference in Orlando next week .
"Freedom Motors has developed and demonstrated that using its Rotapower® rotary engine together with a state-of-the-art generator it can reduce the usual space required for a piston engine power supply by over 80%. A small backup generator including all cooling, muffling and controls and would provide the user with a number of advantages and makes it possible to produce a 25-kilowatt electrical power supply that is two man portable. Such a unit is not available in today’s market and would be useful for a large number of mobile applications in addition to the plug in hybrid automobile.
This small power module could provide the following advantages over a 4-stroke piston driven electrical generator/alternator:
32% of the weight
16% of the volume
Much lower emissions
Better fuel economy
Module can be removed or replaced in minutes
Module can provide power directly to the home in the case of an emergency
Module is generic enough to be marketed for any application where its self-contained electrical power generating capability can be utilized."