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Bullboard - Stock Discussion Forum Andover Mining Corp. V.AOX

A precious and base metal exploration company

TSXV:AOX - Post Discussion

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Post by rragg on Jul 10, 2013 1:19pm

Enirgi

Enirgi's dumping a few million shares and the price is holding at .10, that's good.  When they posted that they would be selling a few million shares I thought the price would drop quickly.  Who's buying?

So..., Enirgi was to be a JV, I would think they have some good inside knowledge and they are selling.  If the future for Andover looked good, why would Enirgi sell?  Nothing says they have to sell just because the JV fell through.  Am I missing something?
Comment by ooofeeeeskc on Jul 10, 2013 2:38pm
Seems as if they are holding the share price hostage - they might have GOOD inside information or BAD..?? OR the powers that be at Enirgi might just be pissed and want to do everything they can to punish the management of AOX under which sometimes money does not matter especially to a billion dollar fund like Enirgi/Sentient all depends upon who is riding the horse.  A lawsuit is surely not ...more  
Comment by souwester on Jul 10, 2013 6:26pm
SUGGESTION: HIRE AN A-LIST MEDIATOR Enirgi's actions seem somewhat "weird". However, they are a subsidiary of a wealth management outfit, so maybe the time horizons are by the quarter. One also senses that "emotion" may have entered the equation, because with the irons AOX has in the fire, plus the possibility of a precious metals turnaround, I would think the shares are ...more  
Comment by dosco on Jul 11, 2013 3:32am
I am in a way thankful that enirgi sells shares so that I can buy. problem is we need more buyers as I am alone cant buy them out... lol for me it seems a chance once in a lifetime. these three JV seems valid and ophir seems very very valid. I checked their homepage and these guys are 100% pros !!!!!!!!!! and as their business is to support firms like AOX we wont see the same as ENIRGI might ...more  
Comment by yellowjack on Jul 11, 2013 10:35pm
I too have been buying. I believe the partner is the best in the business and they want a piece of the Tintic to compliment there holdings.
Comment by dosco on Jul 14, 2013 4:32am
Just keen to see if we will see cashflow in next 12 month. I guess this needs markets nowadays in the sector. Lets say they get from one jv 1 to 2 million cashflow a year and they would stopp moneyspending then they can restart other jv. Sun...burgin... Chiefs copper...water...landpackage... Might bring something with a jv partner. Burgin might be available soon or already. Still not ...more