GREY:LYDIF - Post by User
Comment by
Chileanmafiaon Nov 16, 2018 10:47pm
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Post# 28988572
RE:RE:Blockade Expenses - $ 21 million and Climbing.....
RE:RE:Blockade Expenses - $ 21 million and Climbing.....Stone its all about strategy - conserving capital is the key to survival - something that management missed. There were also warning signs that trouble was brewing and management should have been on top of this. As soon as the blockades went up - operations should have been suspended and all resources should have been put into crisis management. It is also obvious that the community relations efforts of LYD were transactional and not the relationship based as if people really supported the company they would have mobilized and removed the small groups blocking the roads. Now that 5 months has gone by - the protests and blockades have become legitimized and they will be very difficult, time-consuming and expensive to remove.