alxseg
Member
- Joined
- Jun 27, 2012
- Messages
- 14
Hi everybody,
I'm new here and was looking for some help. So the company I work for bought this property at auction because it was abandoned and the owner had not paid property taxes...I know what you're thinking... the reason it was abandoned was that the owner got entangled in major legal problems regarding a business partner of his being charged with major tax fraud. So, as far as we know, it was not abandoned because of anything chemically dangerous. So we knew the facility was some sort of chemical plant but since it was an auction we could not enter the property until we bought it...I know, risky but fun right? Anyway, we buy it for a fraction of what it's appraised at and from what we've found it looks like they were processing gold/silver on some level. What we have to decide now is what to do with this place, and I'm hoping somebody here could help. There are 3 buildings with various equipment in and around them. Much of it seems to work, although much of it needs some maintenance at least.
Here is a video I made that shows most of everything.
http://youtu.be/-cgJ9OoOnfg
So we have a couple of questions if anybody could help us that would be fantastic.
1. Was this in fact being used to process gold/silver? If not, what?
2. Are the processes that were used still viable? Is this something that could function today and run as a business?
3. An explanation of the different pieces would be great. What exactly was being done by the various machines shown?
I've tried calling the old owner but I'm not sure if he's in prison or what his fate was. Much of the equipment is pretty old so we have to decide whether to pursue this as a business opportunity or to just try to sell the machinery and re-purpose the land. Thoughts?
Appreciate any input anybody could offer. Thanks.
I'm new here and was looking for some help. So the company I work for bought this property at auction because it was abandoned and the owner had not paid property taxes...I know what you're thinking... the reason it was abandoned was that the owner got entangled in major legal problems regarding a business partner of his being charged with major tax fraud. So, as far as we know, it was not abandoned because of anything chemically dangerous. So we knew the facility was some sort of chemical plant but since it was an auction we could not enter the property until we bought it...I know, risky but fun right? Anyway, we buy it for a fraction of what it's appraised at and from what we've found it looks like they were processing gold/silver on some level. What we have to decide now is what to do with this place, and I'm hoping somebody here could help. There are 3 buildings with various equipment in and around them. Much of it seems to work, although much of it needs some maintenance at least.
Here is a video I made that shows most of everything.
http://youtu.be/-cgJ9OoOnfg
So we have a couple of questions if anybody could help us that would be fantastic.
1. Was this in fact being used to process gold/silver? If not, what?
2. Are the processes that were used still viable? Is this something that could function today and run as a business?
3. An explanation of the different pieces would be great. What exactly was being done by the various machines shown?
I've tried calling the old owner but I'm not sure if he's in prison or what his fate was. Much of the equipment is pretty old so we have to decide whether to pursue this as a business opportunity or to just try to sell the machinery and re-purpose the land. Thoughts?
Appreciate any input anybody could offer. Thanks.