Lydian International Ltd T.LYD

RE:RE:RE:RE:RE:RE:RE:April 2020

[Chileanmafia]

Not that it matters much at this point - but perhaps the mess could have been avoided if LYD management had gotten the mine into production (on time) during the previous government.  I also find it strange that there was little chatter about how much over budget the project was and how long it took the previous mgt to shut things down when the blockades started (which to me was a clear under estimation of the social-poliitcal situation) in order to conserve cash.... 

I also agree - when you have situations like blockades and protests - the best is to deal with these situations early on as the longer they are allowed to fester the harder they are to deal and less likely to solve.  

This was also something really never discussed by mgt - was the fact that at one time they had over 1000 employees and contractors - you would have thought with that kind of economic weight and muscle in your corner that this group could have dealt with the early protests - seems though (based on the events that occurred) that LYD mgt never really had a social license to operate - or perhaps the issues on the ground were too challenging for them - which has resulted in sending the share price in a deep deep tailspin..  I also wonder if the local CR team were allowed to keep their jobs based on the great work that they did in building community support...  The whole way this thing was managed is shocking...

And so perhaps then with the BIT process there will be the silver lining for shareholders and maybe the new mgt will be able to redeem the project somewhat - which is too bad as there would have been much more value for shareholders if the mine was built and allowed to operate.