AAU antilles gold limited

@WLJ Strange yet strategic timing, if claims against EnviroGold...

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    @WLJ Strange yet strategic timing, if claims against EnviroGold haven't already been officially presented and put forward as such, then their path to be being seen as valid is initially the presumption that they're not valid claims short of a Creditor's Meeting and possible further court application at the costs of the Creditor etc etc

    So IMO strategically timed to bring an end to the delay tactics and game playing of inventing new counter claims against the settlement already awarded to AAU

    All just my opinion that is, just from a quick read of the Vanuatu Liquidation legisation yesterday.

    My estimate was that AAU put EnviroGold into Liquidation minutes before COB Vanuatu time on 31st of December 2024, and hence that didn't leave much opportunity for any other claims for payment that weren't already, to be put forward, so there's now a little bit of a process of meetings and maybe Court in Vanuatu which essentially the Liquidator represents/negotiates over to validate claims that rank lowly as general creditors below Employee entitlements, but the main focus of the Liquidator is to realise debts due to EnviroGold which from prior announcements I beleive one of those debts to be the Arbitration settlment in the name of the DR govt itself.

    So very strategic is my takeaway, and also as 1956 said too creates the Liquidation is a legal break back to the holding company by virtue of the Liquidation itself, you know liability Limited by Shares and all that.

    https://hotcopper.com.au/data/attachments/6707/6707282-edcd7c565f1939537da4a38bd44b3fda.jpg

    Last edited by signalFollower: 01/01/25
 
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