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  "documentTitle": "New Pacific Metals (NUAG)",
  "authorId": "50_Hindenburg_Research",
  "authorName": "Nathan Anderson",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-20 00:00:00",
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  "notes": "This is a classic 'fraud exposure' or 'expose contradiction' slide used in short-seller research.",
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      "text": "The answer seems quite clear. The information circular detailing New Pacific’s acquisition of Alcira showed that the entity had total assets of only $84,131 just prior to the acquisition.",
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      "text": "The answer seems quite clear. The information circular detailing New Pacific's acquisition of Alcira showed that the entity had total assets of only $84,131 just prior to the acquisition.",
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      "text": "Unlike most other mining economies, Bolivia does not permit the sale or transfer of mining areas (formerly known as concessions) privately. All transactions must be state approved.",
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      "text": "A key legal question emerges in relation to New Pacific's $45 million purchase of Alcira, the Bolivian entity that controlled the company's flagship Silver Sand property: did New Pacific pay in order to acquire its concessions (which would likely be illegal) or was the price tag purely to acquire the assets of Alcira?",
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      "text": "New Pacific's Purchase Of Mining Concessions May Have Violated Bolivian Laws",
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