Levon Resources Ltd (New) LVNVF

Metals & Mining Industrial Metals & Minerals

Levon Resources Ltd is a Mexico based company which is engaged in the mining business. The company is involved in silver, zinc, lead, and gold mining but majorly focuses on only silver mining. In terms of revenue, the organization receives more revenue from their Cordero project. The company restricts itself only in Mexico and does not exports.

OTCQX:LVNVF - Post by User

Levon Resources Ltd (New) > PGLC

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Comment by Heywood_Silverson Jun 24, 2016 5:38pm

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Post# 24997280

RE:RE:RE:PGLC

If you look at last year's press release regarding the spinoff Levon Resources, it indicates they would hold about 35 million shares of Pershing. The 12.31.15 YE financials indicate the holdings of Pershing are now down to less than 2 million shares. Even if Pershing was a bad investment, it amounts to a tempest in a teapot at this point since most of the position has been divested.

Looks like management is using the AFS (available-for-sale) shares as a way to pad the treasury when need be.

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