GREY:LYDIF - Post by User
Post by
nolidgeon Aug 13, 2009 10:48pm
422 Views
Post# 16218091
very strong LYD $$
very strong LYD $$ FOLLOW THE BIG MONEY
50% +of the company is owned by
Newmont,
IFC world back,
European Bank for Reconstruction and Development (EBRD) and
insider directors
great stock to own with 1mm oz of proven gold from a 12000 meter of drilling in 2008
2009 plan is to drill 14000m and increase the reserve to 3mil+ oz.
cash is hand of $6 million+ and no need to do any financing. IFC just increased its equity position. If all warrants are exercised, LYD will get another $9mm..
HUGE upside with low float FOLLOW THE BIG MONEY... what is better than IFC, NM, EBRD .. $$$
you will forget VEN UW and EAS.