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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

Post by AniSeizeon Jun 14, 2018 4:13pm
41 Views
Post# 28174370

Lydian is facing a collapse

Lydian is facing a collapse
We call on all shareholders at Lydian to once again watch this video(https://www.youtube.com/watch?v=p4A8a4yG1VY&t=1955s) (it has English subtitles) and learn that this resistance was also against the mine and yes, you’d rather search for opportunities in other stocks, especially since according to some sources, Lydian’s gold project in Amulsar is based on false data. Some estimate that there is no such amount of gold (2.6 million ounce as stated by Lydian), but instead only about 705 thousand ounce of gold exist there. But more than that, this project has a lot of legal shortcomings, and so even if Lydian tries to sue, it has high chances to lose. For example a new factor that was concealed by Lydian was the fact that it had not properly assessed the potential of acid drainage at the mine site harming water sources there. This was revealed by the independent experts in 2017.
https://www.armecofront.net/en/news/amulsar-conclusions-of-international-renown-experts/
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