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Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both Australian oil and gas producers. The Cooper Basin is an onshore oil and gas development area. The Company’s Chu Chua is located approximately 30 kilometers (km) north of Kamloops, British Columbia, with access and infrastructure. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Comment by JayBankson Jan 26, 2022 12:45pm
232 Views
Post# 34362976

RE:LOOKS LIKE NWA'S DIVIDEND IS SOLIDIFYING BASED ON THIS NEWS

RE:LOOKS LIKE NWA'S DIVIDEND IS SOLIDIFYING BASED ON THIS NEWS

They announced a similar positive report last quarter and received one of the lowest payments it a while. I'm starting to figure out these reports are nice for updated information, but are somewhat useless as guidance.

The actual payout number has more signifance and I do expect it to be higher, but I question if it's going to be high enough to sustain 2 cents too much longer. I still think 6 cents per year is likely the rational expectation for this, hopefully this report clears that hurdle and I'll just wait for a temporary dip in payout and price to rejoin.

I would like to be wrong on this tho! I do like this little payout gem, just trying to be somewhat smart with it.

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