Though the early 2017 milestones and possible payments sound very exciting they've been known for months now so it's not like we alone posses this knowledge, yet the stock continues it's march towards all time lows?
In the most recent 10K, annual filing, which at this point is a year old they mentioned severe financial concerns. At that time they had only $100,000! I'm not sure what changed but I see now they have over 3 million. Did they dilute or issue warrants? Whatever they did it is certainly better than having such little cash, and now no debt but being so close to meeting some of their major goals and now being in better financial shape why is this still dropping? The video you sent does give some new information but otherwise is a repeat of what Seth has been saying for a while.
I know LTBR isn't a uranium miner but I'm surprised they did not participate at all in the recent nuclear stock rally? The spike to 1.40 got my attention. Unfortunately I bought in only a day after it dropped but I am willing to hold if I can figure out what I'm missing and if it finds price stability.
There has to be a continued major risk, and doubt about something for the stock to be this weak. I could see it dropping if the Norway test fails or they lost their partnership with Areva but otherwise it doesn't make sense on paper and from the CEO's mouth it looks perfect yet I doubt I'm smarter than the rest of the market and the weakness should not be ignored.
I must be missing something yet I can't find it so for now I am holding my shares, though I am close to selling because the risk seems to great.
From the 10-K
As noted above, we have incurred recurring losses since inception and expect to continue to incur losses as a result of costs and expenses related to our research and continued development of our nuclear fuel and our corporate general and administrative expenses. Our limited capital resources and operations to date have been funded through sales of our equity securities. As of December 31, 2015, we had working capital of approximately $0.1 million, cash of approximately $0.6 million, stockholders’ deficit of approximately $1.5 million and an accumulated deficit of approximately $74.4 million. As a result, we have included a discussion about our ability to continue as a going concern in our consolidated financial statements, and our auditor’s report for year ended December 31, 2015 includes an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” In the event that we are unable to generate sufficient cash from our operating activities or raise additional funds, we may be required to delay, reduce or severely curtail our operations or otherwise impede our on-going business efforts, which could have a material adverse effect on our business, operating results, financial condition and long-term prospects.
