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Andover Mining Corp. V.AOX

A precious and base metal exploration company


TSXV:AOX - Post by User

Bullboard Posts
Comment by vabeneon May 20, 2011 6:46am
392 Views
Post# 18605106

RE: Share Price

RE: Share PriceWhat should management do when it takes a bit longer to publish news?
I have the impression that they spend a lot ot time speaking to shareholders, go on road shows etc.
Often things take longer than anticipated and that holds true for the whole sector.
Let´s focus on the facts. The Mcap of AOX is now down to almost 50 mio. CAD. Pls. contrast this with what they have: Sun, Burgin, Trixie, Big Hill, ... - there is a lot of value to be unlocked.
Or just value the plant, the huge landholding in Utah, the exploration results that are worth many millions, further infrastructure, licenses etc.
In each case you will end up with a value of much higher than 50 mio. CAD!
Remember that they had Mcap of 20 mio. last year when they still had a liability of 60 mio. in their books and almost no project progress. This liability is off and now they should at least get 80 mio. CAD...
Bullboard Posts