(Editor's Note: As mentioned in the article, LYDIF has minimal trading liquidity. Investors should be mindful of the risks of transacting in illiquid securities. Lydian's Toronto Stock Exchange listing LYD.TO offers better liquidity.)
I have known Lydian International (OTCPK:LYDIF) for quite a few years now, but haven't looked at the company since it encountered some issues as to where to locate the leach processing facility at its Amulsar gold project in Armenia (which it acquired from senior producer Newmont Mining (NYSE:NEM). This article is meant to discuss and calculate whether or not Lydian now is in the final straight line towards the finish.
Source: technical report
As trading volume in Lydian on the US...
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