I would not be owning this stock if I didn't believe Lightbridge is going to be a huge success. And in my opinion it is just a matter of time before the stock breaks out.
So, if they are going to be successful then they are going to need a lot more shares to sustain the growth. I have been trading in this stock for years so I know it well. Up until last year the float was about 4 million shares. Then earlier this year they increased it to about 11 million. And as a result the share price has suffered.
So up to now, in consideration of the potential for growth, the number of outstanding shares has been minuscule. Anything under v$10 a share is considered to be a "penny stock". The future growth scenario I am suggesting is why the number of shares must be increased and soon. Right now is when this should happen.
And what will future growth look like?
The Lightbridge fuel rods are intended to retrofit LWR (Light Water Reactors) and to be used in the future SMR (Small Modular Reactors) that will come to market over the next few years.
Currently, there are about 99 LWR in the US fleet, and 3 under construction. The total world wide fleet is about 359 reactors in current operation. Each one of these reactors is a candidate for use of Lightbridge fuel.
About 3 or 4 years ago Lightbridge put on a audio conference available on the net. The CFO spoke and said that the company would eventually offer the fuel rods on a royalty basis in order to share in the abundant extra profit that the power companies would receive for using these fuel rods. And that each installation would generate about $10 million in royalties per reactor per refueling cycle to Lightbridge. So you can do the math; given the number of LWR worldwide the financial potential for income could be several billion dollars per year.
I am only relating what I heard in the audio conference. I don't recall any of the details, date and names, etc. And I have never seen any written transcript of that conference. And I have no idea if the company has changed plans or scenario of how to benefit from the future sales, etc. But it did give me a lot of "food for thought" and has sustained my investment here for years.
Some who read my post may think that I am deliberately hyping or pumping this stock. All I can say is that I have been a shareholder for a long time. Because you either believe in nuclear energy or you don't. Carbon neutral wind and solar energy are great, but the two together can not possibly meet the growing energy demands of our country, let alone the world. Until fusion energy arrives, in about 30 years, nuclear will be the only viable alternative. And it can be done safely if better designed fuel rods are used.
In conclusion I would like to add that the Lightbridge fuel rods are currently being tested in the National Test Reactor in Idaho. I must assume that at some point the fuel rods will be certified for use in grid connected reactors. All Lightbridge needs is just one sale and the stock will take off. This is total W.A.G. on my part but I am predicting $40/share by the end of 2023. Please do your own due diligence.
