Lydian International Ltd. LYDIF

A summary of the facts

[Chileanmafia]

Interesting facts thus far regarding the project - 

1.  The Project originally had a $ 50 million Contingency budget - where did all this money go?  Why is another $ 100 million needed to finish the project?  
2.  The social-political issues affecting the project did not morph themselves overnight - trouble had been brewing long before the June blockades - obviously, mgt did not do anything to mitigate this issue.  Was it in-experience or did management jus think that all these issues were going to go away on their own?  It is also obvious that LYD never had the support of the workers and their families and that the people they had conducting Community Relations and Political Advocacy were not the right people - this is obvious and they should have been let go when the blockades occurred.
3.  The ex-President is shown the door in May (what happened there??)  This was very abrupt particularly during the late stage of the project's development.  Why did this happen?  
4.  A new CEO is brought in who was CEO of a company in Colombia that has a multi-million dollar lawsuit against the Government of Colombia - this was not good news for LYD shareholders.
5.  The Board has been re-configured with people who have the skills to sell the company - this is finally some good news
6.  The company is cash-starved, and the mismanagement of the blockades has cost shareholders over $ 21 million - shocking and appalling.
7.  There seems to be no real plan to deal with the crisis which is entering into its sixth month - and the longer it remains the more costly, difficult and length of time needed to solve will increase
8.  Insiders have not bought a share - despite the very very low share price - no one from the inside has bought a share - this is not a good signal
9.  Mgt may raise capital via an equity raise - at .12 a share - how many shares will have to be issued - this will crush shareholders.
10.  It is highly likely the new PM - who when he was theinterm PM won't give LYD the time of day - he appears very sympathetic to the people on the road - this certainly is not a good scenario for shareholders.

So there we have it - the blind leading the blind - so let's hope there is a Santa Claus this year and this thing gets bought soon by someone with more cash and more experience.