Post by
dosco on Feb 17, 2014 7:34am
buyers of assets
I guess, we need buyers and bids for the assets know.
anyone 10 million at hand to buy all and open a new firm?
in case enirgi is the only bidder with 1 million they get it all assets...right!
40 million asstes should be worth more... but what if the trustee finds noone... is he forced to sell, yes, but in what time frame?
anyone in contact with the trustee to get a feeling what he might can sell all projects for ?
- ophir will buy one peace for sure if it is that profitable
- enirgi will buy buirgin as they just entered aox to get it
- rio will buy big hill
- trixie... dont know.
- 18000 acres buy a huntsman or people who would like the water licences.
- noca copper will buy sun
so it will be difficult not to get 10 mio to pay debt down.
question is, why the old management was not able to sell asstes in time?
- assets are not what they should or time/bad guys/bad markets/motivation?
my guess, the assets are 40 million asstes!
Comment by
blankspace on Feb 17, 2014 4:30pm
Nothing on the Grant Thornton web site yet. Go to home page; on the right side is "creditor updates." Click on it and a multitude of cos. come up. No Andover yet. The receptionist said the Trustees are working on it. No timeline given.
Comment by
souwester on Feb 18, 2014 7:29am
There is a notice on the old Andover Mining webpage.