Key messages from conference call
Below are imo the key messages from the transcipt. I am very confident and glad that I bought around 1 buck. Good things to come...
Excerps from transcript:
- "We expect to formalize the joint venture with AREVA to develop, manufacture and commercialize fuel assemblies based on our fuel technology in the coming months. Although it may seem from the outside that this process is moving slowly, we have actually made tremendous progress and have expanded beyond the initial scope of the project. In fact, we believe the current scenario will be more profitable for Lightbridge than the straight licensing arrangement we had originally envisioned."
- "We're also moving forward in finalizing plans for irradiation testing of our nuclear fuel samples at the Halden reactor in Norway. At the same time, we are working closely with a leading U.S. nuclear utility to establish an end user agreement for the first use of Lightbridge-designed nuclear fuel in a commercial reactor in the United States. This utility is an addition to the one with which we signed a letter of intent in November of last year."
- "Well, what I think, first of all, is that the deal has been changing in someways from the initial concept that we think are better for Lightbridge and Lightbridge's investors than a straight licensing deal to have a 50-50 JV with AREVA. What we're trying to do is more expansive. We'll also fold again now direct work with 2 utilities, leading toward end user agreements. We're not just trying to have qualifying fuel in a reactor in Norway. We're actually bringing toward contracting fuel in commercial reactors in the United States. What we're putting together is a contractual package to bring our fuel to the global market."
- "it's probably fair to say we expect the next major announcement to come within about 1 month."
- "In fact, we have no immediate plans to raise capital." - "However, the community recently has invited Lightbridge to participate along with the Nuclear Energy Institute and the Electric Power Research Institute in all of the events and meetings related to accident tolerant fuel. I spoke at the meeting in Idaho and referred to Lightbridge fuel as an what was an ugly duckling is now suddenly turning into a swan in the eyes of the community. We are included now in all of the meetings and have actually been asked by (inaudible) and NEI jointly what can they do to help us move the fuel forward? So I think that's significant and it's a big change from where we were."
