Lydian International Ltd T.LYD

Primary Symbol: LYDIF

Metals & Mining Gold

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

Lydian International Ltd > 760M shares out?? Reverse split almost guaranteed here.

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Comment by Chileanmafiaon Nov 06, 2019 4:46pm

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Post# 30317778

RE:RE:760M shares out?? Reverse split almost guaranteed here.

Likely a reverse split would be negative for existing shareholders.

At this time there are approx 699 million if there was a 10 for 1 roll back there would be approx 70 mn shares with a share price of .60 to .65 cents. Once this happens if there is no good news the SP would likely drag lower.

Financing would then be inevitable....

Based on my estimates the project likely needs another $ 100mn to be completed, which could mean 200 million shares could be issued at .50 - however any new share issue for cash does not guarantee that current management can solve the political and social issues that have laid waste and ruin to this project....

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From now on, dynaCERT instead of Bitcoin or NVIDIA?