Similar offer of NPM based on LKO shares failed miserably

The major owner NewPeak Metals(Dark Horse) failed in an Entitlement offering.
they wanted almost 2 millionAUD, offering produced 60 000 which is less than costs,
but they would possibly get 500 000 from underwriter Neil Francis Stuart




The value of NPM was based on LKO shares which valued for about 10 million AUD at 0.1 cents,
and 0.4 LKO shares were promised as a sweetener.
It looks like valuations of LKO in both offering are the same, but NPM offering
was not investible even with other properties of NPM.

It remains to be seen if LKO owners would more generous.
There is lots of room for charitability as there is no underwriter and major owner wont't participitate with money.

NewPeak and LKO share a board member Nicholas Mather
Information about the spectacular Mather-NPM scams are here:

Term Sheet partner ENEXD is a fake company providing a fake term sheet
https://hotcopper.com.au/threads/fake-company-and-term-sheet-scams-by-npm-enexd-for-offering.7545414/

NewPeak is a business partner of "missing Iranian oil rig"-man
https://hotcopper.com.au/threads/87-million-fraud-by-mr-tabatabaei-of-enexd-newpeak-s-partner.7531098/