NPM 8.70% 2.1¢ newpeak metals limited

ENEXD says(?) not invest in Finnish gold projects

  1. 814 Posts.
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    There could be gamblers who would bet for ENEXD deal and buy shares

    The deal is very unlikely because:

    1) The term sheet says that 5 million AUD (3 million euros) would be paid in cash for 75% of the rights.
    As market value of the company is now closer to 1.5 million, 100 % of the rights + other projects
    would be available by fraction of the payment

    2) ENEXD is owned by family with problems of debts from court cases and financing
    might be quite problematic
    https://hotcopper.com.au/threads/fake-company-and-term-sheet-scams-by-npm-enexd-for-offering.7545414/

    3) This has a value of a non-substantiated rumor but it is interesting as such.
    A Nordic person contacted a key ENEXD manager, and was told that the deal will not happen.
    There would be also no interest for buying NPM shares.
    If somebody would be interested the connection may be found based on the information
    about ENEXD companies.

    Then there is a question was
    i) NPM fooling ENEXD or
    ii) vice versa
    or
    jjj) both together the investors on asx.
    If ENEXD will not announce soon that it will not make the deal, one could assume
    the third iii) alternative, which could be most likely based on the history.
    However the person who contacted ENEXD wondered that NPM may have previously succeeded
    to get ENEXD believe that there would easy gold in Finland

    However
    4) The strange ENEXD Term Sheet could provide investors at least theoretic possibility
    for getting compensation for their losses by a class action or a regulatory process
    https://hotcopper.com.au/threads/compensation-for-people-suffering-the-frauds.7754189/
 
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