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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 MAAXXY on Apr 17, 2014 10:04am

Bidding

Anyone know when the closing date for bidding on AOX's properties?
Comment by rragg on Apr 17, 2014 12:57pm
No authority on this one but my understanding is they have to give all debtors a set time period to submitt claims before the bidding process even starts.  Probably will be 60 or 90 days, maybe longer, for close of claims.  All properties, contracts and such need to be inventoried and a strategy for selling individual pieces or a whole needs to be determined.  This will take some ...more  
Comment by blankspace on Apr 17, 2014 6:57pm
I assume the  bidding is a public process? Can one entity when it sees someone elses bid, then decide to bid higher? I still say Rio waits in the wings then may decide to take the whole can of worms. Ric told me prior to the bankrupsy that they were hitting some interesting looking material. But then, most everything Ric ever told me was a blatent lie.
Comment by souwester on Apr 23, 2014 11:09am
I would hope the Blanksteins' ability to promote a project is now toast following this debacle. As for the "IR rep", I'll be sure to avoid any play in which he has any involvement.
Comment by dosco on Apr 27, 2014 7:35am
seems it started
Comment by blankspace on Apr 27, 2014 8:08pm
Are you saying the bidding has started dosco?
Comment by dosco on Apr 28, 2014 12:29am
I think so... but dont see an update on trustees hpmepage.
Comment by MAAXXY on Apr 28, 2014 10:39am
How does the process work?   Is this just a good old fashoined AUCTION with the highest bidder winning or do you submit " A BID " and the highest bid wins?
Comment by dosco on May 01, 2014 3:06am
Bids till end of may i heard then we ll see who has the best or so.
Comment by blankspace on May 08, 2014 2:32pm
Dosco, you mentioned recently that you might get involved in bidding on the Utah  assets. Have you gotten anything from G. Thornton about the SALES ASSETS? They seem to want shareholders to remain in the dark about any proceedings.
Comment by dosco on May 08, 2014 4:43pm
The trustee has sent documents. To get more details as these you need to sign and sent back some papers... to assure cinfidential treatment. Indicative bids to send by end of may. Hope i understood all docs well. No guarantee from me.
Comment by blankspace on Jun 14, 2014 11:10pm
Here's what Dosco said back in early May: The trustee has sent documents. To get more details as these you need to sign and sent back some papers... to assure cinfidential treatment. Indicative bids to send by end of may. Hope i understood all docs well. No guarantee from me. Read more at https://www.stockhouse.com/companies/bullboard/v.aox.h/andover-mining-corp#f1wbGatl84TZujuC.99  ...more  
Comment by blankspace on Jun 18, 2014 1:58pm
lets try this again Advanced member   blankspace - (6/14/2014 11:10:31 PM) RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bidding Here's what Dosco said back in early May: The trustee has sent documents. To get more details as these you need to sign and sent back some papers... to assure cinfidential treatment. Indicative bids to send by end of may. Hope i understood all docs well. No ...more