NPM newpeak metals limited

Ann: Corporate Update February 2024, page-2

  1. 851 Posts.
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    One may wonder, if and how much ENEXD was paid to be interested in the Finnish gold projects?.
    Potential insider information says that ENEXD informant has stopped communication about the
    deal, which was firmly indicated to be terminated just about 2 weeks before the announcement

    https://hotcopper.com.au/data/attachments/5961/5961240-604ef9c9394d3c048de311205244baff.jpg




    NPM made an expensive deal about Las Openas rights under threath of arbitration.
    Apparently NPM ownership was not secured and it had failed payments or other contract commitments
    Costs:
    - 35 000 USD for signing
    - after 1 year 50 000 USD per year for option to buy Genesis 49 % share for 750 000 USD
    - Up to 500 000 USD for exploration so that NPM will give Genesis share of the costs as a loan
    and no dilution for Genesis
    - costs from joint venture and foundig company?
    - costs from corporate advisor selling the joint venture?

    https://hotcopper.com.au/data/attachments/5961/5961194-aff1de7313a2b171b668185c2b291224.jpg


 
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