Are you supposed to be smoking the stuff? Might wanna check that label buddy....i think you may have overdone yourself.
Well back to Russia folks and look at what they just put together- AtomEnergoProm established, board named 10 July 2007 [Rosatom, 7 July; Associated Press, 10 July] Russian prime minister Mikhail Fradkov signed an order on 7 July establishing the charter of the country's new state-owned nuclear power company, AtomEnergoProm (AEP). President Vladimir Putin signed a decree on 27 April ordering the company's formation. AEP will amalgamate the country's most significant nuclear enterprises: AtomEnergoMash; AtomStroyExport; Rosenergoatom; Technabsexport (Tenex); and TVEL. According to the decree, AEP and its affiliates will be responsible for a wide array of nuclear industry activities, including research and development, uranium mining, nuclear power plant construction and radioactive waste management. In addition, Fradkov approved the membership of AEP's board of directors. Sergei Kiriyenko, head of Russia's Federal Atomic Energy Agency (Rosatom) has been appointed as chair, while his deputy, Vladimir Travin, has been appointed as a director. In addition, the deputy head of the government staff Igor Borovkov, as well as Rosatom deputy directors Tatiana Elfimova and Ivan Kamenskikh, have also been appointed as directors of AEP. AEP will be one of the biggest nuclear companies in the world, on the scale of France's giant Areva. However, AEP will have the distinction of encompassing the full nuclear fuel cycle, nuclear design and construction and engineering, and the key business of power generation itself. These guys would be in a position to advance funds to THPW.
Ok it's come to my attention that this has been moved to Chit Chat I am insulted. Not that I don't love to chat but this is about the markets for nuclear power, thorium and needs better placement. Let's bring in the ambassador. Thorium Power, a nuclear R&D outfit based in McLean, VA, has appointed former US ambassador Thomas Graham, Jr. as executive chairman of its board of directors. He will take up his post in August. Graham is an expert on nuclear nonproliferation having been involved in most of the major US negotiations to stop the spread of weapons of mass destruction. The treaties include NPT, SALT, START, and CTBT. He served for 15 years as the general counsel for the US Arms Control and Disarmament Agency. Seth Grae, CEO of Thorium Power, stated in a press release, "We are pleased that Tom, who has served as Thorium Power's Non-Executive Chairman of the Board of Directors since April 2006, has been appointed Executive Chairman of the Board of Directors to reflect his added responsibilities and full-time involvement in the Company. As our discussions with governments of other countries and leading companies in the nuclear power industry continue to evolve, Ambassador Graham's contribution as a knowledgeable and experienced expert in nuclear negotiations has been exemplary. We look forward to his continued support and guidance." Thorium Power plans to license its technologies to commercial and government owned reactor operators; and, nuclear fuel fabricators who want to benefit from thorium-based fuels. The Company is targeting new reactors in countries without a nuclear industry, as well as currently operating and new reactors in countries with an established nuclear energy industry including Russia. Russian partners are the key The Company maintains long-standing relationships with leading Russian nuclear entities, providing experts and facilities for its nuclear fuel development activities. The company announced a plan in 2006 to turn aging Russian nuclear warheads into thorium-based fuel that will run in exist reactors. In April 2007 Thorium Power Ltd and Red Star (Krasnaya Zvezda), a Russian government-owned entity announced agreement on a contract with Thorium Power. It's seed and blanket fuel designs will undergo irradiation testing. The goal is deployment within full-sized commercial reactors. The contract is under the supervision of the Russian Federal Agency for Atomic Energy (RosAtom). Testing at the Kurchatov Institute, Russia's leading research and development institution in the field of nuclear energy, will take place starting in summer 2007. RosAtom is no lightweight R&D outfit. It is the Soviet Union's vertically integrated nuclear power complex organized by President Vladimir Putin in February 2007. It integrates all stages of nuclear energy generation: uranium extraction and enrichment, fuel production, and generation, as well as all related industries, including nuclear and non-nuclear machine-building, science, engineering, and construction. This makes Thorium Power's alliance with RosAtom a big deal. Vladimir S. Vasilkovsky, General Director of Red Star, and also an official with RosAtom, stated in a joint press release, "This new contract includes a technical scope of work that includes a continuation of the testing program in a live research reactor. The later phases will lead to commercial deployment of thorium-based fuel, bringing many benefits to the world's nuclear power plants, including less waste and enhanced proliferation resistance, facilitating the expansion of the use of nuclear power to generate clean energy." Evgeny Strakhov, Deputy Director of Department of Red Star, also noted, "The additional work that will be performed is a necessary step towards demonstrating Thorium Power's fuel designs in a commercial reactor. Ultimately, our collaboration will lead to wide-scale use of Thorium Power's technology in the nuclear power industry." So there you have it. The top nuclear agency in Russia wants thorium fuel for its reactors. As we know Things are not going so well back in the states. NNSA has other ideas like MOX fuel. This all raises the question of whether NNSA is objecting to the Thorium technology or the competition from RosAtom? Opposition to Yucca Mountain may play in the mix Reid is so completely up in arms about Yucca Mountain that he explores every possible avenue to prevent it from opening and that includes technical solutions. Thorium Power Seth Grae thinks this kind of congressional sponsorship will bring federal money to the thorium power R&D effort despite NNSA's objections. Penny stocks are not a magnet for deep pocket investors The financial problem for Thorium Power are that it has no products and no income despite being traded as an over the counter stock. (THPW.OB) With a stock price of less than a dollar, its ability to attract large, risk-adverse investors is limited. The future of the company has to emerge from its current penny stock status if it is going to be successful. Only two of the company's executives actually receive salaries. The rest hold stock which trades briskly at prices well under $1.00 and in volumes of from 250,000 to over 2,000,000 shares daily. In 2007 the company says it plans to strengthen its management team with a full time CFO and position itself to license intellectual property that will result from its R&D efforts with its Russian partners Thorium Power obviously has something going for it else it would not have attracted Ambassador Graham to its board. Thorium is an abundant element. Time will tell whether the company or anyone else can profit from it. Well we have come to the end of our tale and we have to now make the big choice Do We Buy?? From what I have uncovered in this exhaustive research for you all, The Russian angle which is strong, the summer 07 testing results, the Ambassador brought on to the board, Harry Reid pushing through funding... is this tiny Thorium Power the one. The one that's going to make us all rich. Please provide your input on how many shares I should accumulate> I eventually see $1.50 in THPW's future it may take 3 years but I would like to retire on this one trade if possible. ~ stoney
Nice read, thanks! More on Thorium... 3. The energy contained in one kilogram of thorium equals that of four thousand tons of coal. 4. The energy stored in the earth's thorium reserves is thought to be greater than that available from all other conventional (fossil) and nuclear fuels combined. 5. Thorium is cheaper and more abundant than uranium (approx three times more abundant in the Earth's crust than all forms of uranium combined). 10. Global reserves of thorium (India, Australia, Norway and the U.S. possess the largest reserves) could cover the worldâs energy needs for thousands of years.
Glad you found THPW, i have been invested in this company for almost a year now at an average price of .30/ share. I'm convinced this may be the last stock standing and an opportunity of a lifetime. My target is, at the least, a 2-3 billion dollar market cap over the next few years. This is not only a great money making opportunity, but an opportunity to be involved in something that could be the worlds clean energy solution Once they sign a contract, move to the NASDAQ and the get publicity they deserve this will take off like a nuclear explosion.
Thanks, i've been a member here for a long time, i just never post. I had to post when i saw somone write about THPW. I was shocked to see someone talk about it on this board!
DAY OF RECKONING FOR THORIUM! Thorium Power Enters Into $5 Million Consulting and Strategic Advisory Services Agreement With Foreign Government-Owned Entity Market Wire - December 03, 2007 9:03 AM ET Related Quotes Symbol Last Chg THPW Trade 0.376 +0.026 Real time quote. Thorium Power, Ltd. (OTCBB: THPW), 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. The terms of the agreement call for an initial payment to Thorium Power of $5 million USD at the start of the first 15-week phase of the feasibility study on November 30, 2007. The agreement also provides a framework for a subsequent consulting engagement for the second phase of the feasibility study, which will be mutually agreed to by the Parties. The scope of the services under the agreement have been defined in consultation with appropriate authorities in the U.S. government in compliance with all applicable U.S. export controls. Thorium Power intends to communicate additional details about the client relationship once certain governmental steps are completed in both countries relating to potential additional work. Thorium Power was selected after a detailed technical review of the company's fuel designs by independent nuclear experts, as well as an extensive evaluation of the company's experience within the global nuclear industry and its expertise in non-proliferation issues. Erik Hallstrom, COO of Thorium Power, stated, "While we have had our non-proliferative fuel designs undergoing tests in a research reactor for the past several years, this agreement marks a milestone for Thorium Power's commercialization efforts. The agreement provides validation for our business model, where consulting and government services are early revenue drivers as well as important elements in the sales process for our broader offering." Seth Grae, CEO of Thorium Power, added, "Our client clearly recognizes the broad nuclear expertise and extensive resources offered by Thorium Power. We believe that our consulting and strategic advisory services are similarly attractive to many other countries in our target market. We bring a unique and innovative perspective to the planning process, one that clearly differentiates Thorium Power from other service providers. We firmly believe the future of the nuclear renaissance will depend on viable solutions to significant concerns such as proliferation, waste, and operating economics. This relationship gives Thorium Power the opportunity to demonstrate our core competencies to address nuclear issues at the highest levels. We are excited about the prospect of showcasing our blueprint for safe, clean, and smart non-proliferative nuclear power." How Bout that I'm buying more right here I don't care that I'm ruining by CB ~ stoney
Update 25 cents to 40n cents now 34 cents... World energy consumption is projected to increase 57% from 2004 to 2030 at an average annual rate of 1.8% per year, due to strong GDP growth over the next 25 years that will be higher than the rate recorded over the last 25 years. Energy demand is expected to reach 17.7 billion tonnes of oil equivalent, compared with 11.4 billion tonnes in 2005. Electricity use will double, its share of final energy consumption rising from 17% to 22%. Nuclear power provides 6.5% of the world's energy and 17% of the world's electricity, with the US, France, and Japan accounting for 57% of nuclear generated electricity. The US produces the most nuclear energy, with nuclear power providing 20% of the electricity needs. In 2007, the International Atomic Energy Agency reported there are 439 nuclear power reactors in operation in the world, operating in 31 countries. The majority are light water reactors, with the most dominant types being pressurized water reactors (PWRs), boiling water reactors and VVER reactors (a Russian equivalent of PWRs). Today the vast majority of commercial nuclear power plants around the world use uranium oxide fuel. Thorium, as well as uranium, can be used as a nuclear fuel. Although not fissile itself, thorium-232 (Th-232) absorbs slow neutrons to produce uranium-233 (U-233), which is fissile. Hence like uranium-238 (U-238), thorium is fertile. In one significant respect U-233 is better than uranium-235 and plutonium-239 because of its higher neutron yield per neutron absorbed. Over the last 30 years there has been interest in utilizing thorium (Th) as a nuclear fuel since it is more abundant in the Earth's crust than uranium. Meanwhile, the energy contained in one kilogram of thorium equals that of 4,000 tons of coal. The energy stored in the earth's thorium reserves is thought to be greater than that available from all other conventional (fossil) and nuclear fuels combined. Also, unlike uranium where only 0.7% of isotope is useable in a reactor, all of the mined Th is potentially useable, so some 40 times the amount of energy per unit mass might theoretically be available. Thorium Power, Ltd. (OTCBB: THPW) is a nuclear energy pioneer and the developer of thorium-based nuclear fuel designs. THPW seeks to introduce its products for sale into three markets: nuclear fuel designs for use in commercial nuclear power plants; nuclear fuel designs for reactor-grade plutonium disposition; and nuclear fuel designs for weapons-grade plutonium disposition. These fuel designs are optimized for use in existing or future Russian VVER-1000 light water reactors. The Company is also conducting research and development relating to a variant of these nuclear fuel designs for use in existing PWR. The Company`s future customers may include nuclear fuel fabricators and/or nuclear power plants from the US or foreign governments. PHPW`s thorium-based nuclear fuel designs have been developed to be compatible with the world's existing and planned PWR without significant change to the reactor. This nuclear fuel has some major benefits, including enhanced proliferation-resistance of spent fuel; stopping the reactor from producing nuclear weapons-usable plutonium; significantly reduced volume, weight and long-term radio-toxicity of spent fuel; improved economics; and increased safety margins. Recently, the THPW signed a new agreement with Russia's Kurchatov Institute relating to the irradiation testing program for the Company's fuel designs, which has been ongoing since 2002. The agreement assigns to the Company the worldwide rights, title and interest in, and to the technical data generated from the ampoule irradiation testing of seed and blanket fuel samples in the Kurchatov research reactor over the past two years. This rights to valuable technical data are necessary for regulatory licensing of the Company`s commercial fuel designs. Seems like as long a shot as ever but can't argue with doubling your money almost and hardly giving any back.... ~ stoney