NPM newpeak metals limited
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Las Openas, expensive deal

  1. NordicInformer
    851 Posts.
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    15/02/24
    10:35
    Post #: 72418158
    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
    https://hotcopper.com.au/threads/ann-corporate-update-february-2024.7832869/
    - 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
    NPM Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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