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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

Metals & Mining Industrial Metals & Minerals
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

Newport Exploration Ltd
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Post by lookin2retireon May 11, 2014 3:20am
286 Views
Post# 22548325

MATERIAL INFORMATION - NON DISCLOSURE??

MATERIAL INFORMATION - NON DISCLOSURE??Material information is any information relating to the business and affairs of a company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the company’s listed securities.

Company has a market cap of 2-3 million dollars and starts earning a million dollars per month. Would you invest if you knew about this? I would just like Ian did without issuing a news release.

Rozier disputes that he’s done anything wrong, and says the royalty, which had been languishing for ten years, had suddenly become profitable, and that initial profits, based on legal advice, were immaterial as the company did not own the asset nor could it guarantee the amount or schedule of payments from the Australian operators, Beach Energy (OTO: BCHEY, Stock Forum) and Drillsearch (OTO:DRLLF, Stock Forum).
Read more at https://www.stockhouse.com/news/newswire/2014/05/09/moriarty-says-newport-exploration-(v-nwx)-is-%E2%80%98raping%E2%80%99-investors,-president-responds#Ey1WmmDPbxK14ql8.99
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