NPM newpeak metals limited
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News: NPM Newpeak Metals Announces Termination Of Proposed SCB Transaction, page-2

  1. NordicInformer
    851 Posts.
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    01/12/23
    16:36
    Post #: 71224078
    The SCB gamble would have required 1 million
    and there is no explanation about the legal position 51% owned(?) Las Openas
    in Argentina and soon
    five months have passed.
    https://hotcopper.com.au/threads/ann-purported-termination-of-joint-venture.7465660/

    Huge number of projects are acquired for short term market interest, payments
    fail and contracts are bad. Here is a US court document how they failed US projects under name
    Navaho Gold, failing to pay getting to court with draft agreements
    https://hotcopper.com.au/threads/navaho-newpeak-failed-contract-payments-and-lost-us-property.7500827/

    Challenging Party is Argentinian daughter company of the same Genesis, who won the court case 2016.
    Las Openas deal was done 2019.
    It seem peculiar, that after major dispute between NewPeak (Navaho/DarkHorse) and Genesis, they were doing similar deal 2019.
    There is no transparency about detals of the dispute as there were not 2014-2016.
    It would be important to examine that there is no collusion with the same players with tenements failing.
    NPM Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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