NPM 0.00% 1.4¢ newpeak metals limited

Sorry if that is how you feel.Possibly you will not appeciate...

  1. 871 Posts.
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    Sorry if that is how you feel.
    Possibly you will not appeciate but here is some new information

    According to NPM annual report 2023 pages 36-37
    https://hotcopper.com.au/threads/ann-full-year-statutory-accounts.7601132/

    it is Fairground Pty Ltd which gave the loan of 200 000 with
    12 % interest

    https://hotcopper.com.au/data/attachments/5647/5647716-f7a3b45c2e1d1fb3177f68e2ba4f3c0a.jpg


    and 1 billion LKO shares as guarantee.

    https://hotcopper.com.au/data/attachments/5647/5647755-36270c5d885bfb3148617a58673b7b44.jpg


    Fairground is said to be a not a related party of NPM, first clip above.

    And it is a major shareholder;

    https://hotcopper.com.au/data/attachments/5647/5647773-6084971c5d2ffa5dce2afdf684396106.jpg


    According to an older release Fairground is owned by
    Neil Francis Stuart

    https://hotcopper.com.au/data/attachments/5647/5647792-95e6efbfaf4f5ba1431e07777a36d0d2.jpg


    Stuart is a former director of the NewPeak/Dark Horse.
    With Fairground he is 3rd largest owner
    He also underwrote the entitlement offer of NPM by 500 000 AUD.

    So this is an interesting semi-insider deal
    and tells how the insiders value the assets of the company.
    Stuart was doing the Argentinian businesses but does not consider these as assets?





 
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