In 2009 their name was Thorium Enery Inc and their stock ticker was THPW. After running into considerable headwinds trying to get government support for thorium based nuclear fuel, and upon the advice of the nuclear fuel advisory board comprised of four nuclear utilities, focused on patenting an all metal fuel assembly. At this time they changed their name to Lightbridge and stock ticker to LTBR. They also went from an OTC stock to being traded on the NASDAQ at $7 per share.
Since then there have been various nuclear 123 treaties and other international nuclear developments including the Iran issue, and sanctions on Russia, where all research activities up to this point were carried out.
So today the company is almost an entirely different company than one you would invest in 2003.
But the progress on the metallic fuel today is significantly farther along than the Thorium fuel ever got. Once the contract with CNC to manufacture the fuel is complete it will be reality instead of potential and we should see the reality reflected in the share price.
All of what happened was always stated in their disclaimers, nothing was a complete surprise.
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