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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) > Yes they have a grest deposit, but.....
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Post by NineLiveson Aug 01, 2018 8:39am
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Post# 28396483

Yes they have a grest deposit, but.....

Yes they have a grest deposit, but.....Unfortunately LVN has become associated with bad investments. VBI Vacines in USD $5 down to $2.19. Pershing Gold over $4.00 down to $1.50.  They moved most of their free cash into VBI and the company has been burning through cash ever since. Pershing Gold, never understood why LVN made a $10 million investment in these guys, their deposit is not that impressive. There were better  opportunities here in Canada. I don’t know if management is doing well off these money moves but shareholders have been screwed. JMHO. 
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