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Entirely untrue. Enrichment up to the 19.6 percent required by LTBR is state of the art. It cannot be weaponized, can be reprocessed, yields 30% more power and operates 1000 degrees cooler, ie, much safer. DOE grant will be announced on Friday IMHO. They have new hires on board for engineers and now project manager. Can you say Income? It still day trades to some degree. Vankampen has doubled their position in less than 6 months to 750K of a 21.3 Market cap. Get in while you can. Definitely not for the faint of heart.
If you really want to learn about the stock, would recommend StockTwits, where the LTBR is very knowledgeable.
https://seekingalpha.com/article/4123062-pershing-gold-believe-shares-virtually-worthless
RUN from this stock. Same Barry Honig involved with CNBC story on Riot Blockchain as well!! Time to short this stock into oblivion.
I agree. Sold 22K shares at 4.35 to cover my by in. Can afford to wait for now. They are diluting the value, but clearly need capital to grow. Right now all I hear is that loud "sucking sounds", of money disappearing down the drain....
Mr Hoenig pays himself with shareholder money, dilutes the stock, then buys more shares on the cheap, or issues stock to himself and board, after we bail out. Pretty good gig really. It took me 5 years to figure it out. If any stock on this board, should be under a buck, this is sure ONE of them....
Show ME the MONEY!!
this stock is set to stay where its at, or go lower until firm guidance on where the and when the income will flow. Patents are fine, but they don't pay the bills. Pretty simple really....volume will dry up. The shorts have hit this hard. Volatility and "pump and dump"..."rope a dope" opinions will prevail in the near term. The big market and it's 4.5% drop is nothing compared to the swings this stock has seen in 2 weeks. My condolences to those who let the shorts pick their pockets...
Good luck with this stock. They just keep drilling, and Honig reverse splits, waits for it to drop, then picks up more shares at the expense of us all. I have been a holder of this stock for nearly 5 years, with nothing to show but drilling announcements while dangling the carrot of "preproduction\production. I hold on to a few thousand shares in hopes of getting my money back. Talk about a Ponzy scheme dressed up as a gold mine...
lots of Newbies on the board...I have seen them come and go with the froth. Hold on to your shorts...lol...pun intended. This is an "E-ticket" ride. Nothing...and I mean nothing, will matter in the long term but (E)arnings. You can trade this in the meantime, but all else is dribble...
I believe that some of the new players will have a longer timeline. Framatome has already started lining up contracts with the Chinese. They are the piece IMHO, that was missing. The shorts will have at it for awhile and I think it will drift between 2.50 and 3.50, UNLESS, the MF's are buying. I believe that a bit unlikely until there is a foreseeable revenue stream. The news conference did give them some PR\Credibility, but that is a long way from Revenue. I took some profits at 4.35 in after hours trading early today, now playing with house money. My time window is 2-5 years. I see this as a strong growth company in the beginning followed by a steady revenue play thereafter, think Dividend stock OR a possible by out in the not foreseeable future. Currently there is much hubris on both sides. If there is significant dilution before revenue, it may again go below 2.00. Just my take on things.
lots of Pomp and circumstance, short on specifics. The proof is in the pudding. Would expect the stock to drift lower, now that the hype is gone. From here on in, financials, orders earnings...all the things that matter.
Buy the rumor, sell the news...UNLESS, there is concrete detailed information about future revenue expectations. Pie in the sky won't work from this point on.....this stock will get severely punished for any backtracking or obfuscation.
A buyout makes no sense. Why would they sell 5 million shares of new stock, raise capital, then sell. I think they want to be in this for the long hall and are raising capital to build out infrastructure and start supplying nuclear fuel rods to all the reactors the need retrofitting(essentially every nuclear reactor) with their thorium rods\design. The after hours spike is a short cover rally mixed with adventuresome souls wanting in. Clarity will provide stability. Hopefully tomorrow the conference will provide some concrete answers to more clearly define revenue stream. If not, the roller coaster continues.
but they invested 4 million for an opportunity to sell at higher prices, seems reasonable. If current traders\owners want to punish them they can drop the stop back to a buck (less demand). Taking care of your financials is good for business in the long run. If your down on it, short it. I think the 4 million invested and recent US patent approval merit a higher price...but that is just me. Traders will always trade.
Building a base in the 150 range, no news to move the stock one way or another. When the news comes, the move will be big to the downside if it disappoints, and steadily upward if neutral to slightly positively biased.
As I understand it, there are only around 10.5 to 11.2 million shares issued or available. Only 2.5% are held by "insiders". If the MM's did buy in, or some big investor, they did so with expectations the stock will go much higher. I think we both agree on this. However, in order for LTBR to issue new stock to support those prices, they would have to know the demand is coming, otherwise they would have issued a whole bunch of new stock and seen the price likely fall below a dollar, something they would have been loathe to do. The day before the surge on 12\26\2017 the stock was 1.05. Future SEC. filings may shed some light on it. The discussion is academic at best. What I am saying is there is strong support for a rising price on this stock at higher prices say between 1.50-2.00. I do expect the stock to go higher and am well aware of the stock prices history....and risk. I am cautiously optimistic and have put my money where my mouth is.
it doesn't answer who bought the shares at such an inflated price...1.35 to as high as 2.07. Buyers don't just jump into the market for a stock that was selling for 1.00. It doesn't seem plausible that they would float another 7-8 million shares and experience that kind of demand....I am not buying that explanation.
Thanks for the great details. However, elevating shares can only be sold if there is a escalating demand. The stock had been running on low volume, no new news...who would want to buy 8.2 millions shares at prices between 1.35 up to 2.07??...nobody I know unless....someone were trying to create a floor...or take a gamble, more likely the former. It was done in 1.5 days overall, now interest again is tepid save for a few traders buying the dips and momentum players. The real question is who acquired that much stock for those prices?
If they were selling\issuing new shares, with the price around a dollar, and no new news, who in their right mind would purchase nearly 8 million shares to push the price from 1.25 up to 2.07. That makes no sense. New shares dropped into a stagnant market, would have depressed the price significantly, UNLESS, it was an entity that knows what you and I do not or someone with lots of cash, willing to wait that the price will go higher over a longer period of time. This would put a floor in the stock. The board doesn't have the kind of money to throw around to purchase shares, because they aren't rich...yet.
Having said that, AREVA, or General Holdings Investor Inc (likely a Chinese Holding Company, an arm of the Chinese government), which had purchased 9.5% earlier in 2016 would be candidates. They have granted several patents in China, and see nuclear as a longterm strategy to add power and green things up. 8 million is a drop in the bucket to their Sovereign Wealth Fund. I believe Areva would be required to file a 4K with the SEC due to insider buying concerns, but do not know this for sure. I am also not sure about the requirements, but think it is within a week of such a purchase and do not know what the constraints maybe having signed the JV agreement. That leaves the Chinese, or some other rich investor willing to gamble on a long shot, as are we.
All in all the trend is reversed and upward IMHO. Many people will trade this stock on smaller volumes, and why not, if that is your objective. I am long, as you might expect.
Makes no sense to have a "naming" contest, only to be bought out by someone else and taken private. It appears there is a "floor" in around 1.25. Whomever acquired all the shares, it wasn't members of this board...else why would we be here...lol. The JV with Areva included a licensing agreement which would imply long term control over revenue flows, not something you would consider doing were there to be a quick sale.
The stock folded after the volume dried up to around 1.25. There are lots of shares acquired at higher prices by someone who feels like it is worth waiting for...nuff said. Look for SEC filings next couple of days.
By my count 7.6 million shares were purchased yesterday in increments of 1.3, 1.9, 1.8,1.3, 800K, 435K, 600K, 300K, out of a total of 10.7 millions shares available with a Market Cap of 13.75 million. Now who do you think controls this stock? I will tell you it isn't this message board or the pittance of shares we own! To my mind Areva just bought itself a company for 7.6 million...not a bad deal. We won't be seeing this drift much lower as the paltry remaining take profits from yesterdays high of 1.52. The rest is history.....
Agreed,
Could be any of the mutual Mico funds that have this stock or Areva. Insider buying is picking up albeit small in comparison to most companies. Most on the board are here to trade this stock. I am going to hang onto my shares for a bit. I suspect it will be bumpy ride as it has in the past. If there are problems with the rods being tested, the short termers will be correct.
You don't get your science tested in a Haldron reactor, Areva interest, NRC invitations without science. The science\physics was done by Dr. Radkowsky and has taken a long time to come to fruition. There wasn't a need for competition at the time. Nuclear companies percolated along until Chernobyl, Three Mile island and nuclear proliferation by Pakistan etc. Competing technologies such as natural gas and coal have played a role. Step in global warming and increasing populations in third world company when importing, oil, coal, natural gas is very expensive. The science becomes more compelling at this point. A concept, now becomes more interesting.
I would agree their board is less then compelling. However, no one puts this stuff into a nuclear reactor without some serious science behind it. They own the intellectual property behind it. It IS a big risk, speculation if you will, but certainly NOT a scam. Science will sort through the hubris. There is insider buying, all be it a pittance compared to major boards. There isn't a bunch of lawyers and kling ons at this time....because there isn't any money....
Insider buying is present. Unclear why they would put 20K into a stock and then vote for dilution....
AREVA BBB rating on their debt, for those interested...
http://www.new.areva.com/EN/finance-1166/shareholding-structure.html
This would indicate some pretty deep pockets. I do see a bit of "who will blink first" gamesmanship going on. For nuclear fuel to remain competitive, they need new technology to complete. This technology can be retrofitted to existing nuclear plants with an immediate 17% improvement in efficiency. I do agree that this is likely a put up or shut up moment...by moment, I mean the next 2-4 years. Any testing issues that show up at Haldron or when put to use commercially in reactors will be a death blow. Capital venturists consider that 1 in 8 to 1 in 12 of investments will ever payoff. Risk tolerance is important for each individual. In the end, "we all create our own realities" because we are sooooo educated....never seen such an educated society...lol...for some, they put "their money where there mouth is"...others not..
14.9 Billion!!...that is funny...
Anyone know how many shares are outstanding? I think the intermittent trading is Bailey gobbling up shares so when it converts, any appreciation will be all his...
The conference call went as I expected. Biggest threat is the decayed time value of the technology as exposed by Gen 4 reactors. The leverage the bigger players AREVA and others have in supplying proprietary technology to evaluate the on going preparation for run up is to be expected. I thought LTBR held it's own when discussing financial arrangements, though perfect clarity remains elusive.
The expertise on the board appears to be holding its own. I think the developing relationships with the NRC, US utility companies appears to be positive and evolving. Unknowns remain any unforeseen delays based on the Haldron work and other technical details being worked out at AREVA through there proprietary computer models and assembly issues. I still can't see getting this much potential and science for a buck anywhere else. If the stock market takes a dive, do you think this will go down proportionately? I suspect not. I think the downside is built in...my two cents worth.
I don't see this as a biotechnology type stock, more revenue stream in my retirement. If it pops, fine, will take advantage and sell some to cover costs. I still see this has having huge value in prior intellectual properties and science.
I have been following this stock for over 7 years. The recent patents obtained in China are more than thought provoking. Given the advance in technology, lower cost, green capability, safety factors this technology offers , unless there is some unforeseen disaster during the evaluation at the Haldron reactor, this is the energy wave of the future. Nothing scales up to produce Kw hrs necessary to grow a large country like China...and India like nuclear. France has certainly bought into the idea as has the Nuclear Regulatory committee by inviting them back to the conference table. The fact the the company maintained a desire to split revenue\license their product in their recent agreement is a testament to the fact they see themselves as long term players in this industry...think steady revenue stream. Regards disruptive technology, it took them 16 years to get to this point, leaps in physics don't occur over night.
The downside, no revenue...I get it. I will take the 17 years of research as a "buy in", along with the patents they have accrued. There are only 10 million shares outstanding...for 17 years of work and patents...and you can get this stock for 1.05? Revenue may yet be 3-5 years away, or come in smaller increments. Personally, I can afford to be patient.
I believe there conference call indicates a very strong position in the upcoming nuclear fuel cycle. There partnerships appear solid. It is all about revenue stream. There was mention of "2029" as a timeline for seeing steady solid revenue. People spoke earlier of the JV reimbursing for work done along the way. Right now there are 5.2 million public shares outstanding. Mr Grae gave reasonable lip service, to no diluting the stock any further, l though clearly didn't rule that out.
The possibility of disruptive technologies was addressed. Mr. Malone addressed the initial concerns of the DOE regarding the possibility of a "Zirconium steam reaction" which lead to Hydrogen release at Fukushima. There proprietary fuel rods do not reach a temperature where this would occur. DOE has invited them back to the discussions regarding accident tolerant fuels. Areva, by signing the JV has seen the economic and safety advantages of LTBR's fuel rod design.
The upcoming Haldron tests, should help to reinforce the safety profile of LTBR's fuel rods. These results will likely be available in 18 months.
There a ability for LTBR's fuel rods to be used in multiple designs; "all other pressurized water reactors, light water reactor of U.S. design or French design or Japanese design. It also works in boiling water reactors. So as we get past the initial phase of testing at Halden, we do not have to duplicate all of that testing if you want to insert the fuel into reactor built by combustion engineering by Babcock & Wilcox."
Other than the timeline, it is hard to imagine this stock trading for 1.11\share. The possibility of further dilution is real. There could be troubles defined by testing at the Haldron reactor. The DOE may be tempted to sanction a competitors advanced fuel design, given the refusal by LTBR to include them in the licensing arrangement.
All in all, I am willing to take the risk. Given the of the "pie in the sky" money that is thrown at biotech companies with 1\10 the science behind them, I will take my chances....IMHO.
Just tried the link from July. It seems like a very nice interface similar to Bovada. No options yet for the United States...didn't complete the registration process in this regard. However, MUCH...MUCH better than the Thumder..whatever. There is much more legitimacy/progress in the link provided. I wouldn't see a reason to switch (think incentives) from say Bovada however. Cash flow, marketing, workable product, all reasons to remain cautious, if not pessimistic. Little if any information forth coming from Mr. Bailey at this point.
I own 1,000,000 shares that I bought at .0002 cents a share just before it quite trading....just on a lark. I believe I can afford to wait....lol....like I have any other choice. If it does ever take off, I am sure there's a way that I will get minimal out of the gamble...