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Andover Mining Corp. V.AOX.H

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals
Alternate Symbol(s):  AOVTF

Andover Mining Corp is engaged in the acquisition, exploration and development of resource properties, in Alaska and Utah, the United States.
Price: N/A | Change: N/A | %Change: N/A
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.065/0.02
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0 stars

RE:ENIRGI

I'd have to reread the case, but it seems that Enirgi did give Andover some time and indulgence. In the end of the day. AOX management was full of excuses and stories, but no money ever appeared, and...read more
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ENIRGI

Did ENIRGI ever "TRY" and re-negotiate the terms of the bonds, before taking the steps they finally took?????  rate and reply
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Great Lakes Graphite Winter Drill Results Confirm Expectations

Great Lakes Graphite Winter Drill Results Confirm Expectations ...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:then court

Sure hope the courts emphasize good judgement in this case. Something smells in this whole mess!!!!  rate and reply
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RE:RE:RE:RE:RE:RE:RE:RE:then court

rragg, I dunno about that. My personal view is somewhat different than yours, FWIW. One other thing, the courts have recently altered the Canadian common law to emphasize honesty and good faith in...read more
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sold for 1 mio

http://www.grantthornton.ca/services/reorg/bankruptcy_and_insolvency/creditor_updates/Andover_Mining  rate and reply
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RE:RE:RE:RE:RE:RE:RE:then court

We were BS'd on a lot of things, obviously.  The unfortunate thing is that they only stretched the truth or implied things that they wanted to do so we have nothing to file a suit against.  Even if...read more
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RE:RE:RE:RE:RE:RE:then court

Maaxxy, AOX BS'ed us about Trxie; no explanation why it never was put into production, nor was there an explanation why it wasn't insured.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:then court

I understood the document to say that Enirgi's bid was for both sets of shares.  rate and reply
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RE:RE:RE:RE:RE:RE:then court

new doc as off 6th january on gt site. If i bid 1 dollar for alaska i ll get it as no one else bids?  rate and reply
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RE:RE:RE:RE:RE:then court

I agree DOSCO!!! AOX should have put the silver mine into production and use cash to explore. However, ENIRGI in my opinion should their corporate greed. The property has huge potential, needs lot of...read more
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RE:RE:RE:RE:RE:then court

And during the trustee sale there was a supposed white knight who couldn't bid because of pneumonia. The trustee delayed even further for awhile for that, and again nada. Finally, the trustee - like...read more
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RE:RE:RE:RE:then court

Management failures... And it was expected that enirgi do a jv and swith sdebt into shares. At a point enirgis aim was to kick out us shareholders. If mr. Mc... become ill... and if this the reason I...read more
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RE:RE:RE:then court

If AOX had repaid the loan when due, there would have been no bankruptcy -  simple as that. Read the court case and the trustee report....AOX kept selling the hope of a white knight who never...read more
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RE:RE:RE:then court

dosco we do see the obvious very clearly with rear view glasses you my friend, need to understand - we got screwed the "assets" are worth nothing (in what quantity unknown) until they are out of the...read more
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RE:RE:then court

I dont repeat the value of assets and what a refetencial bid means... The trustee did not do good... Debtor enirgi inspector enirgi consultant enirgi jv cancelled to get debt not shares enirgi bidder...read more
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Recent news

Rio pulled out - shows what was going on in that exploration and... in the whole Utah project.  If it were significant they would have put up a bid. The Alaska project is just grazing ground with...read more
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RE:then court

But dosco, there is no other compliant bid, even after all this effort. The $1 million is probably just enough to pay the trustee costs. If the assets are so great, why were there no other bids...read more
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then court

Mist reject an unsocial offer to protect stakeholders. Especially if inspectors and bidder is the same and as well the same as the debtor. this is legal... that one party is in role of all three...read more
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RE:RE:news out

Dosco, what an the Court or the trustee do if there is no other remotely complaint bid?  rate and reply
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RE:RE:RE:news out

On further reflection, it appears that Enirigi was willing to bid up to $8.5 million. They'll get it for a million. AOX management should have given Enirgi controlling interest, and salvaged a little...read more