OTCPK:LYDIF - Post by User
Post by
templetoothon Nov 29, 2017 11:50am
177 Views
Post# 27055029
Half of warrants exercised
Half of warrants exercised
Much better than nothing. 51 million warrants exercised yielding the co. $18.4 million Cdn. cash.
It still might be close, but this infusion should allow the company a little extra borrowing power to fund the inevitable cost overruns.
The analyst comments I've read are (as usual) optimistic in their one year targets, looking for 90 cents to $1.10 range as I recall. Don't know if Cdn. investors will warm up to Armenia, but if they can stomach Africa, why not?
I think this situation is an easy double in 2018 assuming we don't get overwhelmed with too many delays and overruns.