LTBR

[boatguy]

Breakout area

On watch-

[setravis]

Symmetrical Triangle (Continuation) Pattern
The symmetrical triangle, which can also be referred to as a coil...

Maybe this coil spring is about ready to pop... upside maybe
although the pattern can get a little tighter

52wk Range: 0.18 - 0.88
Volume: 1,169,226
Avg Vol (3m): 1,960,230

Technicals
Percentage Gainer

Last Price Quote is:
6.04%above 13-day MA
4.95%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $80.38 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[TRUNK]

Cool.. I just got 7,300 shares..    has to pop one way or another out of that trading range and since its held this level for 2 years I'd say it breaks up

[setravis]

Press Release Source: Thorium Power, Ltd.


Thorium Power Provides Business Update for the Second Quarter of 2007
Thursday August 9, 1:01 pm ET


Reports on High Level Discussions With Foreign Governments and Global Enterprises for the Deployment of Non-Proliferative, Low-Waste Nuclear Fuel


MCLEAN, VA--(MARKET WIRE)--Aug 9, 2007 -- Thorium Power Ltd. (OTC BB:THPW.OB - News), the leading developer of low-waste, non-proliferative nuclear fuel technology for existing and future reactors, today provided a business update for the second quarter ended June 30, 2007


Seth Grae, CEO of Thorium Power, stated, "We are making strides in bringing our thorium-based fuel designs to the forefront as a viable solution to nuclear proliferation concerns and environmental issues around the world. Specific to Thorium Power, in recent communications we have indicated we are actively engaged in very high level discussions with foreign governments and global commercial entities regarding the utilization of Thorium Power's fuel designs in existing and new reactors that are slated to be built or are in the planning stage. These discussions, confidential as they are, continue to progress diligently. We continue to be both confident and encouraged by the level of interest in our fuel designs."

In general, interest in thorium-based fuels continues to gain momentum as a number of countries publicly state their interest in the fuel source. Dr. A.P.J. Abdul Kalam, India's ex-president and one of the country's foremost scientists, continues to reiterate his steadfast support for a thorium-based nuclear industry. Furthermore, India's Cabinet recently approved the US-India nuclear cooperation agreement, bringing both countries ever closer to completing the landmark deal. Elsewhere, there have been positive developments in Scandinavia with Sweden and Norway now actively seeking to utilize thorium fuel designs. All of these notable developments are closely aligned with the publication of major research reports (OECD, PricewaterhouseCoopers, BP) marking the global resurgence of nuclear energy and growing interest from "new nuclear" nations such as India.

Mr. Grae continued, "It is quite important for both investors and industry to recognize the significant uniqueness of our fuel designs. Most importantly, Thorium Power's proprietary technology is proliferation resistant. Quite simply, Thorium Power's fuel designs do not produce weapons-usable materials in spent fuel. Additionally, our fuels significantly reduce nuclear waste, yielding approximately fifty percent reduction by volume, seventy percent reduction by weight, and ninety percent reduction in long-term radio-toxicity."

"Changing the status quo is not an easy task, but we took on the challenge in 1991 when Dr. Alvin Radkowsky, a co-founder of Thorium Power and a pioneer designer of nuclear fuels and reactors, approached us to transform his latest fuel designs into a commercially viable solution to nuclear proliferation and the increasing burdens of nuclear waste. We have since moved beyond the science phase, and our fuels have been undergoing a demonstration process in a research reactor and test facilities in Russia for over three years. We have built a very strong patent portfolio and look forward to filing additional patents that we expect to provide patent protection for an additional 20 years from the date of filing."

Mr. Grae concluded, "Overall, we are extremely encouraged by the outlook for the business heading into the second half of 2007 with a diverse portfolio of market opportunities and a marked increase in interest for thorium-based nuclear fuels around the world. In the months ahead, we will pursue these opportunities with the help of our technical and international advisory boards, both of which are comprised of key industry leaders, including former executives of both Westinghouse and GE Nuclear that have successfully and profitably deployed nuclear fuels and nuclear reactors around the world."

Total revenue for the three months ended June 30, 2007 was $0, compared to $0 for the same period in 2006. Operating loss for the three months ended June 30, 2007 was $2.5 million, compared to operating loss of $26,000 for the same period last year. Net loss for the three months ended June 30, 2007 was $2.5 million, or $0.01 per share, compared to net loss of $581,000 or $0.01 per share, for the same period in 2006. As of June 30, 2007, the company had approximately $7.7 million of cash and cash equivalents and $7.2 million of working capital.

About Thorium Power, Ltd.

Based in McLean, VA, Thorium Power, Ltd. is a nuclear energy pioneer and the leading developer of thorium-based nuclear fuel designs. The Company's technologies include nuclear fuel designs optimized to address key concerns about traditional nuclear power, including nuclear proliferation and nuclear waste. Thorium Power plans to license its technologies to commercial and government owned reactor operators and nuclear fuel fabricators aiming to benefit from thorium-based fuels. The Company is targeting new reactors in countries without a nuclear industry today, as well as currently operating and new reactors in countries with an established industry. Thorium Power is also leveraging its nuclear technology, business and regulatory expertise and relationships by offering services to commercial entities and governments looking to establish or expand nuclear industry capabilities and infrastructure. In addition to leveraging its International and Technical Advisory Boards comprised of key national and international leaders in the fields of nuclear energy, finance, government affairs, non-proliferation and diplomacy, the Company maintains long-standing relationships with leading Russian nuclear entities, providing expert resources and facilities for its nuclear fuel development activities. To support the implementation of its business model, Thorium Power has plans to form partnerships with various types of participants in the nuclear industry, allowing the Company to address multiple nuclear reactor types internationally.

Further information is available on Thorium Power Ltd's website at http://www.thoriumpower.com

Forward-Looking Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed merger and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks, as well as other risks associated with the merger, will be more fully discussed in any joint proxy statement or prospectus or other relevant document filed with the Securities and Exchange Commission in connection with the proposed merger. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

[boatguy]

Got some at .30

EnergyWashington Week

Hatch Drafts Legislation To Ease Nuclear Waste Concerns

Sen. Orrin Hatch (D-UT) is drafting legislation intended to ease concerns about nuclear waste by requiring DOE to develop standards for nuclear reactors to use thorium fuel rather than uranium, sources say. The legislation is expected to be offered for consideration in upcoming negotiations on a final energy bill.

The nuclear industry is expecting an expansion in response to increased concerns about global warming and energy security, but nuclear opponents argue long-standing concerns about radioactive waste disposal and nuclear weapons proliferation should soften federal support for new reactors.

A source in Hatch's office says the upcoming bill is seen as "breaching the gap" between nuclear proponents and those "opposed to the transport of [nuclear] waste out to one site," a group that includes Senate Majority Leader Harry Reid (D-NV). The source says the bill is being shopped to Reid and Senate Energy and Natural Resources Committee Chairman Jeff Bingaman (D-NM). Calls to Reid's office were not returned.

Proponents say the thorium fuel cycle produces one third the radioactive waste that uranium does, which could help alleviate concerns about disposal and the potential use of enriched spent fuels in nuclear weapons by rogue states and potential terrorists. Hatch's "Thorium Energy Independence and Security Act of 2007" will be introduced in the next few weeks with the hope it could become part of an energy bill making its way through an informal House/Senate conference, a source familiar with the bill says.

The bill would would establish offices at DOE and the Nuclear Regulatory Commission to provide "incentives to nuclear reactor operators in the United States and foreign countries to use proliferation-resistant, low-waste thorium fuels in lieu of other fuels," according to a draft version of the bill. The plan would also require DOE's Idaho National Engineering Laboratory to establish demonstration projects using the thorium fuel cycle.

Proponents of the bill say thorium fuel can power a reactor far longer than uranium, and therefore less waste is produced that needs to be transported or stored at a permanent or interim disposal facility. The thorium fuel cycle results in less fissile material than the use of uranium, and so it is less susceptible for use in the proliferation of nuclear weapons, according to the World Nuclear Association. "The spent fuel amounts to about half the volume of MOX [mixed oxide fuel] and is even less likely to allow recovery of weapons-usable material than spent MOX fuel, since less fissile plutonium remains in it," according to a May report by the group.

A Virginia-based company involved in developing power plants fueled by thorium says on its website that the fuel has "the potential to eliminate existing plutonium stockpiles." A report from the International Atomic Energy Agency (IAEA) says the production of fissile material in a plant using thorium fuel is "an order of magnitude lower than uranium."

Proponents also say thorium is three- to four-times more common than uranium, and many existing nuclear power plants can be relatively easily retrofitted to accept the fuel. The U.S. has the fourth largest amount of "economically recoverable" reserves in the world, according to the WNA report. The world's largest reserves are in Australia, India and Norway.

But the fuel does have its drawbacks. A source with the Nuclear Energy Institute says it is more costly to work with and harder to handle because the radiation is "bone seeking." Thorium was considered on par with uranium during the early days of the nuclear power industry, but the push for enriched weapons grade fuel favored uranium, according to a Senate source.

A nuclear power opponent with an environmental group says there is "no real advantage to a thorium fuel cycle" and dismisses claims about reduced waste and proliferation concerns as "overblown." The source says thorium is not widely used in the United States because it involves "very complicated chemistry." Many of the same health concerns that exist for uranium also hold true for thorium, including cancer risks, according the source.

[boatguy]

Nice move with volume

News:

http://biz.yahoo.com/iw/071203/0334905.html

Thorium Power Enters Into $5 Million Consulting and Strategic Advisory Services Agreement With Foreign Government-Owned Entity

MCLEAN, VA--(MARKET WIRE)--Dec 3, 2007 -- Thorium Power, Ltd. (OTC BB:THPW.OB - News), the leading developer of low-waste, non-proliferative nuclear fuel technology for existing and future reactors, today announced that it has entered into a consulting and strategic advisory services agreement with a foreign government-owned entity to develop a roadmap as the first phase of a feasibility study for a prospective program to deploy civilian nuclear power plants. The roadmap will include recommendations related to timelines, organizational structure and priorities for subsequent phases of the program.

[boatguy]

Heads up

[wrangler]

THPW : looks like a lot of interest has been building up in this stock for 2 months using 3 year weekly chart..might be getting ready to test 3 yr resistance,,JMO
I have no position

[setravis]

no updates...no knowledge !

[setravis]

Bullish close @ the high of the day...

Recent CandleStick Analysis
Very Bearish
Feb-17-2009 Bearish Engulfing 

Support @ 0.24...0.22...0.21
Resistance @ 0.28
MACD is Bullish
Stochastic is Bearish

52wk Range: 0.15 - 0.44
Volume: 1,634,934
Avg Vol (3m): 755,472

Technicals
Percentage Gainer

Last Price Quote is:
25.03%above 13-day MA
51.81%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $73.84 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

New ticker symbol...
Updated chart scene.