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Lydian International Ltd T.LYD


Primary Symbol: LYDIF

Lydian International Ltd is a gold focused mineral development corporation engaged in exploring and developing precious metals assets located in Armenia and Georgia. Its main project is Amulsar Gold Project (Amulsar) in Armenia. It owns the Amulsar Project, through its wholly-owned subsidiary Lydian Resources Armenia. Amulsar is a compelling opportunity for a large scale, low cost operation utilizing open pit mining and conventional heap leach processing.


OTCPK:LYDIF - Post by User

Bullboard Posts
Comment by crystalmethodon Oct 05, 2013 4:33pm
181 Views
Post# 21794035

RE:Let me try this one more time

RE:Let me try this one more timeMy problem with the company lies in the fact that this delay is more than a simple time issue - it's going to require additional expense to get back to where we left off last July. The company is sufficiently cashed up, but we are likely looking at greater dilution now because of this fiasco - dilution at lower prices, which will impact the ultimate valuation assigned by a potential suitor. Still, if the company can get the green light to go ahead with using the new leach site in their final FS and construction permit, the shares could begin to gain traction as early as Dec 2013, and recoup much of what was lost as soon as Qtr 2 of 2014.
Bullboard Posts