Does anyone know more about this element of the recent patent filing in South Korea? "a proprietary manufacturing method for metallic fuel rods using powder metallurgy" What is this? Does it have any value independent of the fuel itself?
Bottom line is we are getting closer to the Joint Venture with AREVA...
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We are making continued progress towards establishing a formal joint venture agreement with AREVA to develop, manufacture and commercialize fuel assemblies based on our innovative fuel technology. Due to international legal and regulatory complexities of this transaction, finalizing this agreement has taken longer than expected. However, over the past six months, we have successfully resolved the most difficult and complex issues and the remaining steps should be fairly straightforward. Our current plan is to sign the JV Operating Agreement in Q-4 2017 and launch the JV in early January 2018. As the leading nuclear supplier company in the world, AREVA brings unparalleled technical and manufacturing expertise, as well an established global customer base.”
I think it's inevitable we'll drop below 1 soon. I thought the CC was even handed and bullish but the market is not buying it. It's a big gamble to hold through whatever happens now and the end of the year. It's too bad the JV didn't happen shortly after the last CC as Seth promised could've ran from 2.4 to 5+. Personally I'm going to hold but I'm probably in the minority.
Thoughts on the call? I just listened to the replay. Not selling yet.
Nuclear capacity could more than double by 2050, says IAEA
The long-term potential of nuclear power remains high, according to the International Atomic Energy Agency's latest high case projection, which sees global nuclear generating capacity increasing 123% by 2050 compared with its current level.
I do think Seth probably snowed us with false statements. In particular the Halden testing was supposed to be on schedule. I doubt any material steps were taken to advance that testing given no test fuel rods were fabricated.
dang...almost reached my target of $0.85; called it over a month ago. If it reaches $.75, I'm loading up
.85 sometime q3
Q4 for joint venture??? Really. Thought it was imminent. Listen to last call. He said months away "And that's only because there are a few weeks in May". IR said announcement prior to this quarter. This is a joke. It is clear LTBR has no leverage and little interest of Areva. They act like this is the merger of Exxon and Ford. Trust me, this could have been done if it were real.
Unfortunately it looks like Lightbridge fuel isn't going to be a commercially viable product for reactors but I am hearing rumors it works incredibly well in electric grills, panini makers and some RV cooking units. A JV between Cuisinart and Lightbridge is imminent. Seth was seen making some cheese burgers with his Lightbridge branded unit a few days ago.
where's the news on Halden reactor??
Question: does anyone know if this is credible or not as I certainly don't, "LTBR Patent Covers a Tri-lobe Fuel Rod Variant for Russian-type VVER Reactors "
Can't Hurt Big Picture: Japan to benefit from reactor restarts, says IEEJ 03 August 2017 A total of ten Japanese nuclear power reactors are likely to have been restarted by the end of March 2019, according to the latest estimate by the Institute of Energy Economics, Japan (IEEJ). These restarts will help improve the country's economy, energy security and environment, it says. http://www.world-nuclear-news.org/
World Nuclear News
World Nuclear News provides free and accurate public information on nuclear power daily
Westinghouse announced loading their new fuel into Byron Unit 2. LTBR announced they have high hopes of a good cup of joe this morning, followed by a health bladder emptying.
Perhaps a safer/cooler running small modular reactor could find a home? Of course the relationship fizzled out before...and correct, I don't believe any tie-ins but it is fascinating: BWX Technologies, Inc. (BWXT) announced today that its BWXT Nuclear Energy, Inc. subsidiary has been awarded an $18.8 million contract from NASA to initiate conceptual designs for a nuclear thermal propulsion reactor in support of a possible future manned mission to Mars.
Vogtle nuclear reactor project different from one suspended in South Carolina
Georgia Power and its partners in the construction of two new nuclear reactors at Plant Vogtle will file a crucial report later this month on what it would cost to complete the already delayed project and whether it should move forward.
Are we having fun yet?
Areva deal announced, open at 5. That is what I need.