$LYDIF: Nothing but protests ongoing...........


Unlesss there has been some resolution i'm unaware of.

https://www.bellingcat.com/news/2020/08/15/protests-and-tensions-escalate-around-amulsar-gold-project-in-armenia/



Now at $0.02



GO $LYDIF

Lydian Armenia plans to restart operation at Amulsar
22:48, 11.06.2020
Region:Armenia
Theme: Economics, Society
SHARES


Lydian Armenia has posted on its Facebook page a statement stating that the news about its operation and the Amulsar project are inaccurate.

In its statement, the company states that lawyer-activist Nazeli Vardanyan has told deputies of the National Assembly that “…the Amulsar mine will probably be zeroed in their [Lydian Armenia’s] balance” during a session of the committee leading a probe into the lawfulness, substantiation and reliability of financial and other reports presented to and accepted by the government within the scope of investment projects in the field of metallic mining industry.

Lydian Armenia states that the Amulsar project remains the 100% ownership of Lydian Armenia, the company still possesses all rights for exploitation of the mine and plans to resume activities at Amulsar to end construction of the mine. It also reminds that just a day ago, the first instance court of Armenia viewed Nazeli Vardanyan’s previous statements on Lydian Armenia as slander and obliged her to refute them.

The company states that its lawyers will consider the appropriateness of filing another lawsuit against Nazeli Vardanyan since the latter continues to disseminate misinformation and make illogical statements, misleading the public.

https://news.am/eng/news/584768.html

LYDIF...0001...Grey to Pink today...bidding the open...

LYDIF Lydian Intl Ltd
January 08, 2020

The participants of the open discussion on Amulsar held in Jermuk on December 15 unanimously rejected the police request to clear the roads leading to the Amulsar Gold Mine so that Lydian Armenia Company, owners of the property in Amulsar can assess it. The participants agreed that Lydian Armenia should not be allowed to enter Amulsar area, and stated that the roads will never be opened. Local and federal officials did not oppose their statements.


Jan. 10, 2020 (GLOBE NEWSWIRE) --
Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) announced that it has received notice that the Toronto Stock Exchange (“TSX”) has determined to delist the Company’s ordinary shares effective at the close of market on February 5, 2020. The Company does not intend to appeal the decision or seek an alternative listing. The Company’s ordinary shares remain suspended from trading pending the delisting.

$LYDIF: Corruption in Armenia runs RAMPANT


In business and trade and in general as well.

Its like as if Corruption is just a way of life.
Come to accept it.

Thats why you Never trust an ARMENIAN !!!



GO $LYDIF


*********************************************************************

https://www.panorama.am/en/news/2019/11/26/Opposition-MP-corruption/2202214





Opposition MP: Public perception of corruption level still very high in Armenia
"The corruption commission should do everything possible to prevent corruption, rather than wait for anyone to get involved in a corruption scheme and then catch them," Edmon Marukyan, a lawmaker from the opposition Bright Armenia faction, told reporters in the parliament on Tuesday, referring to Haykuhi Harutyunyan's appointment as chairperson of the Commission on Prevention of Corruption.

Harutyunyan's candidacy for the post had been nominated by the Bright Armenia faction.

Marukyan stressed the need to first and foremost get rid of the "widespread" corrupt system to clear the system of public administration and the economy of such “infection”.

"We had a different version of judges' vetting, but the burden was put on the shoulder of the commission. I hope that everything possible will be done in that direction," he said.

Marukyan disagreed with Prime Minister Nikol Pashinyan’s claim that corruption has been rooted out in Armenia. “There is always corruption. Public perception of the corruption level is still very high, but there is no coordinated corruption in Armenia. Today there is corruption at lower levels,” he said.

https://www.azatutyun.am/a/29056971.html

On March 11, 2019, Lydian International Limited notified the Government of Armenia that under the Agreement between the Government of Canada and the Government of Armenia for the Promotion and Protection of Investments, in force since March 29, 1999 (the “Canada BIT”), respectively, that Lydian will consider going to arbitration if Armenia does not remove the blockade as well as pay compensation for the expenses and problems related to the blockade.

According to the BIT process, if Armenia has not responded favorably withing three months, Lydian can institute arbitration.

It has now been over three months, but Lydian, so far has not instituted arbitration. They are still trying to see if they can get the blockades removed, plus receive monetary compensation from the Armenia government.

If they do end up seeking arbitration, the process can take over a year to reach a conclusion.

As an example of an outcome:

Bilateral investment arbitration concerning RTB Bor, a copper mining and smelting company in which the Republic of Serbia took over the mine. The arbitration ruled in favor of the mining company. The company asked for USD 100 million for breaches of the foreign investors’ standards of treatment under the 1997 Greece-Yugoslavia Bilateral Investment Treaty (the “BIT”).

The court awarded the company $40 million, basing its award on what it calculated the company would have been due at the time that its mine was confiscated. This is the normal practice of the arbitration court. Companies suing a country only get a fraction of what they are asking. However, as in this case, the court ordered Serbia to pay USD 40 million, including interest.

The ruling can not be contested by either side.

Over the years I've noticed that mining companies usually receive less than half of what they are asking. However, the court usually does rule in their favor.

Even 40% of what we are asking would-be multiples higher than our present stock price. On the other hand, if a company does instigate arbitration and they lose, they can not contest the decision.

On the other hand (now includes both hands, you've got to hand it to me), people seem to be coming to the conclusion that the company is eventually going to win this battle. It's stock price has been climbing for the last week, after hitting a lowly low.

$LYDIF: I see the same thing happening with $PWCRF

They stole the mine from them.


So whats our time frame here ?


I might drop a few dollars here



GO $LYDIF

While the Armenian government is defying its own courts order to allow Lydian to construct its mine, Lydian is waiting to see what settlement it gets from the BIT arbitration it previously initiated. That is a slow slow process, and takes several years, but now that time scale is down to about a year +/-. Armenia had their chance to do the right thing. they chose the worst option - try to destroy the company....well we will see how that works out for them. $2 Billion settlement is theoretically possible, but the arbitrators in many cases only give half, or even less, of the actual worth of a mining property, say $750 million. Its ruling is final. There are no appeals by the company or the country. If the country does not pay up, Lydian can seize government owned assets. Just a matter of time, say 12 - 14 months or less.

Tribunal at the Additional Facility (AF) of the International Centre for Settlement of Investment Disputes (ICSID) arbitrates a bilateral investment treaty (BIT) between a company and a country.

756 Million shares
417 " " Public Float

If you use the full share count and a reward of $750 million, the each share is worth $1. Even if the reward is only half that, that would be $0.50/share

If you use the float, that again brings the share price to around $1 a share.

Ruling bloc lawmakers meet anti-Amulsar protesters

24 October, 2019
Deputy Speaker of Parliament Lena Nazaryan, together with fellow party members from the ruling My Step bloc Mary Galstyan, Maria Karapetyan, Varazdat Karapetyan and Mikayel Zolyan have met with a group of residents from the towns of Jermuk, Gndevaz and Kechut who are protesting against a possible re-launch of the Amulsar mine operations and are keeping the roads leading to the site blocked.

“We discussed the existing situation, the government’s implemented and ongoing actions, we exchanged ideas regarding possible ways of solution, were informed about the resident’s questions, concerns and problems, which we will discuss with our colleagues in the government. The meetings will be continuous,” Nazaryan stated.

While discussions proceed, the road blocks will stay in place.

Interesting, court has ruled, "The Court also found that Mr. Grigoryan had been actively involved in anti-Amulsar activities prior to his appointment as the Head of the Inspection Body, which raised reasonable doubts on his objectivity."

"It is regrettable that illegality of action against Lydian has now been found to extend to an official of the Government of Armenia.”

"[This negates the order] dated August 27, 2018 preventing any mining related activities at the Amulsar Project (Directive 30-A)."



……………………….
10/17/2019
Lydian Announces a Successful Appeal From an Administrative Directive Preventing Mining Related Activities at the Amulsar Project
T.LYD |

ADMINISTRATIVE COURT FINDS PRIOR ANTI-AMULSAR ACTIVITIES OF GOVERNMENT OFFICIAL RAISED SUSPICIONS ON IMPARTIALITY

FORMER HEAD OF ARMENIA’S ENVIRONMENTAL AND MINING INSPECTION BODY FOUND TO HAVE FAILED TO RECUSE HIMSELF FROM CONSIDERING THE MATTER

TORONTO, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX:LYD) (“Lydian” or the “Company”) is pleased to announce that the Administrative Court of Armenia ruled on October 15th in favor of Lydian Armenia, a subsidiary of Lydian, and upheld the Company’s appeal against a Directive of Armenia’s Environmental and Mining Inspection Body (Inspection Body), dated August 27, 2018 preventing any mining related activities at the Amulsar Project (Directive 30-A).

Mr. Artur Grigoryan, former Head of the Inspection Body, directed the Company on August 27, 2018 to refrain from any mining-related activities until the Ministry of Nature Protection conducted a study of ‘new found ecological factors’ alleged by Mr. Grigoryan to have been identified at the Amulsar Project for the first time.

The Administrative Court of Armenia established that the existence of the alleged ecological factors had not been substantiated after independent investigation. The Court also found that Mr. Grigoryan had been actively involved in anti-Amulsar activities prior to his appointment as the Head of the Inspection Body, which raised reasonable doubts on his objectivity. The Court ruled that Mr. Grigoryan failed to recuse himself from considering the matter when required to do so and declared Directive 30-A invalid.

Edward Sellers, Lydian’s Interim President and CEO commented: “We were confident the Armenian Judiciary would confirm that the claims of the former Head of the Inspection Body were unsubstantiated, and the failure to recuse himself in the matter unlawful. This ruling is yet another confirmation that unlawful attempts have been made to interfere with Lydian’s legal right to develop and operate the Amulsar Project. It is regrettable that illegality of action against Lydian has now been found to extend to an official of the Government of Armenia.”

“On August 19, 2019, Prime Minister Nikol Pashinyan publicly acknowledged that there is no legal basis on which the Government of Armenia can prevent Lydian from advancing the Amulsar Project and it is in the national interest that the Amulsar Project proceed. The Prime Minister also called for the illegal blockaders to open the roads and for Lydian’s access to the Amulsar Project to be restored. The Prime Minister has made similar statements since then on numerous occasions, including while in New York attending the General Assembly of the United Nations. Yet the illegal blockades remain.”

“The Prime Minister has said publicly on more than one occasion that ‘rival mining companies’ and others were supporting the illegal blockaders. It now appears that at least one of those supporters was within the Government of Armenia. The Government of Armenia has allowed continuous illegal blockades of the Amulsar Project since June 2018 and failed since then to enforce court orders upholding Lydian’s legal rights of access. When will the Prime Minister identify who the supporters of illegality against Lydian are, and when will the Prime Minister take steps to enforce the Rule of Law?”

Lydian HAS BEEN A GOOD NEIGHBOR! People must know that. Lydian has done multiple environmental studies and has made sure that their mine will not harm the environment. The mine will mean good paying jobs for the local population.

The strike and blockage of the mine is being done by people that have a fake ideology. People that don't care for the local inhabitants. Hopefully the local and Federal government will eventually decide to back Lydian up.

As most people know, Lydian International had a mining concession in Armenia with reserves of 2.6 million troy ounces of gold.

The economic studies for the mine were completed, the necessary permits were obtained, the project financing was secured and the mine construction was well underway, with first gold pour and commercial production expected in second quarter of 2018. However, in the late spring of 2018, a new government took over. Natives throughout the country started blocking and attacking mines, including Lydian.

Even though the new government and courts say that the blocking of the roads to the mine by the native people is illegal, the government and the courts are refusing to have the road blocks removed.

Looks like they are just mouthing off platitudes and are in reality not only not planning on doing anything to stop the blockade, they are for the blockade and want Lydian to go bankrupt and leave.

The government can then take over the mine site and develop the mine for themselves, knowing that Lydian did all the work and spent all the money drilling and locating the ore, and getting the site ready for the mine.

Just another third world country confiscating a mine.

It's looking like we are going to be able to build our mine. Our price should advance as that becomes clear.

Lydian Announces Prime Minister of Armenia's Statement that Open Access to the Amulsar Project Should be Restored.
09/09/19

Prime Minister Pashinyan Stated There is No Legal Basis to Prevent Lydian From Advancing
the Amulsar Project in Accordance with its Existing Environmental Impact Assessment
Mining and Environmental Inspection Body to Conduct Inspection to Ensure Compliance with Permits and EIA

Lydian Agrees to Establish Participatory Environmental Monitoring Arrangement with Armenia and Community Representatives

TORONTO, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”) announced today that during a live Facebook broadcast, Prime Minister Nikol Pashinyan, of the Republic of Armenia stated that access to the Amulsar Project site should be restored and the protesters blocking access should open the roads.
The Prime Minister also stated that there is no legal basis on which the Government of Armenia can prevent Lydian from advancing the Amulsar Project in accordance with permits based on an existing Environmental Impact Assessment (“EIA”) or require an additional EIA regarding the Amulsar Project at this time. The Prime Minister noted that Lydian had affirmed expressly that it would comply with its EIA performance standards and then stated that stopping the Amulsar Project on environmental grounds would clearly illustrate a discriminatory approach regarding Lydian and not enhance Armenia’s ability to attract foreign investment.

The Prime Minister further stated that the Government’s Mining and Environmental Inspection Body will conduct an inspection to ensure that Lydian is complying with its permits, including that no changes have been made to the Project unless permitted under the EIA. The duration of the inspection could be as short as 30 days or longer depending on what is discovered.

Edward Sellers, Interim President & CEO of Lydian said today: “Thousands of Lydian supporters welcome additional recognition from the Government of Armenia that there are no grounds to prevent Lydian from completing and operating the Amulsar Project. Lydian is looking forward to recovering and rebuilding its ability to complete construction and operate the Amulsar Project in accordance with its environmental performance standards. We are also looking forward to establishing a fair and transparent participatory environmental monitoring arrangement so Lydian and all its stakeholders can have confidence in the results and take pride in our operations.”

I have owned shares of Lydian International Limited since before the illegal blocking of their mine. At prices of course, much higher than now.

By a report just released, it looks like the illegal blockage of the mine is not a spontaneous even, but that groups are paying people to oppose the mine, and that the agency that has insisted on three, three unnecessary environmental audits, are part of the paid perpetrators. Since the government agrees that there is no reason for the mine not to proceed, but refuses to do anything to stop the illegal blockage of access to the mine, ummm?

And now the UK government is being pressured to force Lydian to close the mine. ...

Toronto, Ontario, August 14, 2019 – Lydian International Limited (TSX: LYD) (“Lydian” or the “Company”)
announced today that the Special Investigative Committee of the Republic of Armenia (the “SIC”) has released the
report provided to the SIC on August 7, 2019 on the environmental audit conducted by Earth Link & Advanced
Resources Development on the Amulsar Project (the “Audit Report”).
Copies of the Audit Report are available in English and Armenian at:
http://investigative.am/en/news/view/amulsarporcaqnnutyanezrakacutyun.html
In addition, Mr. Yura Ivanyan, Head of the Department for Investigation of Corruptionrelated Property Crimes
and Cybercrimes of the SIC, said today during an interview on live television in respect of the Audit Report that:
“Besides, I must state that the investigative body has analyzed the information and findings provided by the
international audit report and found that there are no grounds for criminal prosecution and continuation of
criminal proceedings.”
Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been
made public, as the Government of Armenia has repeatedly conditioned Lydian’s ability to advance the Amulsar
Project on its results. We look forward to reading the full text of the Audit Report and are confident it will confirm
Lydian’s prudential approach to environmental stewardship. We are also heartened to know that there are no
grounds for criminal prosecution or the continuation of criminal proceedings against Lydian relating to the Audit
Report.”
Mr. Sellers continued: “It has been a tough year for many thousands of direct and indirect stakeholders in the
Amulsar Project. We want to thank our employees, contractors, suppliers, communities, lenders, shareholders
and other supporters who believed in Lydian throughout the process.”
Lydian has always stressed that it operates in Armenia in accordance with its mining permits, which were granted
based on a comprehensive Environmental Impact Assessment approval process. Nevertheless, Lydian’s Amulsar
Project has been subject to three fullscale environmental audits since July last year. Lydian has fully cooperated
with all audits.
The Government of Armenia has previously indicated it would be ready to conclude on the Audit Report this week.
About Lydian International Limited
Lydian is a gold developer focused on construction at its 100%owned Amulsar Project, located in southcentral
Armenia. However, illegal blockades have prevented access to Amulsar since late June 2018. Amulsar is expected
to be a largescale, lowcost operation with production targeted to average approximately 225,000 ounces
annually over an initial 10year mine life. Estimated mineral resources contain 3.5 million measured and indicated
gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral
resources beyond current reserves and open extensions provide opportunities to improve average annual
production and extend the mine life. Lydian is committed to good international industry practices in all aspects of
its operations including production, sustainability, and corporate social responsibility. For more information and
to directly contact us, please visit www.lydianinternational.co.uk.
For further information, please contact:
Edward Sellers, Interim President & CEO
+3 7410546037
Bill Dean, Chief Financial Officer
+1 7203075089

Read more at https://stockhouse.com/companies/bullboard?symbol=t.lyd.r&postid=30028242#z7PEXggAUviFqE4w.99

Lydian is a gold developer focused on construction at its 100%-owned Amulsar Gold Project, located in south-central Armenia. However, illegal blockades have prevented access to Amulsar since late June 2018. Amulsar is expected to be a large-scale, low-cost operation with production targeted to average approximately 225,000 ounces annually over an initial 10-year mine life. Estimated mineral resources contain 3.5 million measured and indicated gold ounces and 1.3 million inferred gold ounces as outlined in the Q1 2017 Technical Report. Existing mineral resources beyond current reserves and open extensions provide opportunities to improve average annual production and extend the mine life. Lydian is committed to good international industry practices in all aspects of its operations including production, sustainability, and corporate social responsibility. For more information and to directly contact us, please visit www.lydianinternational.co.uk
Read more at https://stockhouse.com/companies/bullboard?symbol=t.lyd.r&postid=30021068#oyH8Q5wUM2AOX48c.99