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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. 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 known strike length of 400 m and a known depth of 250 m.


TSXV:NWX - Post by User

Bullboard Posts
Comment by lookin2retireon May 04, 2014 11:06am
170 Views
Post# 22522354

RE:RE:RE:Latest news release - WTF?

RE:RE:RE:Latest news release - WTF?Someone correct me if I have any facts wrong. In 2013 the Royalty starts to pay $1 million per month and Market Cap is less than $3 million. No news releases. Ian Rozier, President of Newport Exploration starts buying shares on the Public market at 4 and 4.5 Cents. They let their 10 cent options expire and issue themselves 5 cent options. On Feb 18th, 2014, they finally issue a news release about the Royalty and the same day announce a Non - Brokered PP with 20,000,000 units priced at 11 cents per unit and a full warrant at .14 cents. Share prices go from a low of 4 cents in 2013 to a recent high of 70 cents now that news has been released about the Royalty. Or do you think the Chu Chua property has generated this optimism all of a sudden?
Bullboard Posts