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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 arcoe1on May 22, 2014 3:36pm
150 Views
Post# 22589062

RE:RE:RE:RE:RE:RE:oil/gas royalty co. trades at PE of over 25, NWX at 2.7

RE:RE:RE:RE:RE:RE:oil/gas royalty co. trades at PE of over 25, NWX at 2.7"So royalty and value of NWX should triple ($6.00 per share)" Would be in your submitted summation, closer to $12.00 per share not withstanding the illegal placement. Are you feeling happy giving up half of what you are morally and legally entitled to? "I think the management is non-existent." It will be when they go to prison. "You have to give them some credit though. Unlike many deals I've seen in the past, they did not sell the royalty to themselves for a small amount of cash a few years back." That statement is like thanking anyone for not being a murderer. "The exchange is so dumb it's not funny." Here we can finally agree. "Companies don't do a poison pill unless something is up." Or unless the perps think the placement will be cancelled and they will as a result loose voting control of the company and with it their jobs.
Bullboard Posts