I believe these odd purchases are meaningless. The volume is too low to be caused by anything other than retail investors. The volume is anemic and price flat. All the news is priced in so people are scalping pennies. I'd say total failure is priced in because that is still the most likely outcome, though obviously I hope not THE outcome and this is a very risky contrarian play for me.
All the meaty morsels are on the table. Advice from big energy companies like Duke and Exelon, term sheet with Areva, LOTS of interest, LTBR directors flapping their gums in front of giddy University students. Working together, finalizing. Juicy morsels Seth teases us with that in the end mean nothing because they don't equal money now or maybe never?
I don't doubt nuclear is important and a growth industry but this doesn't excite me because there's no proof yet LTBR will get a chunk of the industry. The goal posts have been moved many times. I wonder why I am holding this stock quite often but I think this pessimism and doubt is the general consensus thus a surprise bull event like confirmation of the Norway test and a manufacturer would rocket this to 5 or higher easily. IT's a black swan stock. It's greed and wishful thinking more than tangible events. My worry is if enough investors lose patience at the same time and the drop happens fast and furious. Volume is very low so it won't be easy to cash out quickly, but if the bull event happens the move will be equally furious.
I'm annoyed by the increase in R&D the dilution to 'retain talent' and the fact Areva has not mentioned a word about Lightbridge in 5 months, but has mentioned Nuscale and other partners. For now I'm sticking to my plan to ride this out til June.
