The last year has been a difficult one for the mining industry and the entire investment community, as you are all very aware.
Levon's management has been working hard to meet the challenges which face our industry, while continuing to ensure that the Company remains in a strong financial position. We have continued to work on de-risking the Cordero project to position it for success going forward. As with all large projects there are challenges along the way, but Levon is meeting them and advancing Cordero.
While the environment has been difficult for the mining industry as a whole, it creates opportunities to acquire undervalued assets. In addition to continuing to advance the Cordero project, the Company is investigating a number of opportunities, and is in active negotiations respecting an exciting potential acquisition (although there is no agreement as yet and there can be no assurance that a transaction will occur).
We appreciate the support of our loyal shareholders, and will continue to work towards maximizing shareholder value for the long term. We have accomplished a lot in the last couple of years and we see light at the end of the tunnel, and believe that 2013 will be a much better year for Levon, and the industry overall.
We would like to take this opportunity to wish everyone a very Happy Holiday Season, and a Prosperous and Happy New Year for all. If anyone has any questions, please feel free to call us anytime to discuss at 604-682-2991 (IR Direct) or 604-682-3701 (main office) or email us at firstname.lastname@example.org and we will respond promptly to your enquiries.
President and Chief Executive Officer