Newport Exploration Ltd V.NWX

I realize management in early years had the foresight and

[HHAPPY]

ability to obtain the wonderful oil assets that result in the royalties that are funding the dividends of NWX. But management now is merely accounting for disbursements .ie no other duties. The salaries seem quite high and share remuneration excessive for their efforts.

Paid consulting fees of $378,000 (2019 - $378,000) to a company controlled by Ian Rozier, Director, President and C.E.O. of the Company. b) Paid management fees of $261,000 (2019 - $261,000) to a company controlled by Barbara Dunfield, Director and C.F.O. of the Company.

Share-based payments $ 439,845

THE ABOVE IS FOR 9 MONTHS !!!
Comments?

[belin]

I agree. The payments are excessive. The best result for shareholders would be for Beach to make a hostile bid for the Company.

[frankman]

I agree. They have cash in their treasury even after dividend is paid to get involved in another project or two. It would be nice for them to get off their collective duffs.