Lydian International Ltd T.LYD

Gotta admire the buyers

[templetooth2]

Volume so far today is about 1.6 million shares. I don't know who could possibly be inspired to buy in light of today's news, but I'm not one of them....yet. Not a good situation when the creditors start putting you on 2 week deadlines.

At Q1, the project cost overrun was estimated at $40 million US. There might have been a small window for the company to sell another quarter billion shares in the low 30's before the revolution but it's really hard to see a way forward here. Can we really expect the Euro Develop. Bank to come to the rescue of shareholders?  Wouldn't they be more inclined to protect themselves with a first lien bond at nosebleed rate of interest, and death spiral conversion terms? Anyway, time will tell.

Just a comment: don't you find it discouraging to discover the enviro wackos are proven to be a more reliable source of current news?

Comic relief: I remember a Wall Street Journal article from decades ago, interviewing some luminary of the business world. This gentleman ventured that becoming a great success wasn't really all that difficult, one only had to observe a few simple rules. First of these rules was never do business with anyone whose name ends in -ian. This indicates the person is Armenian, and they are smarter than you. This stuck with me as I was living in Edmonton and the Ghermezians were building West Edm. Mall at the time