Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Energy Oil & Gas E&P

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.

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Newport Exploration Ltd

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Post by fumperbunon Jun 26, 2014 2:21pm

199 Views

Post# 22697709

WTF

I know it has been said a million times but I gotta say it one more time. FaaaaaaKKKKKKKKKKKKKKKKKKKKK!!!! I mean what will it take for management to get off there butts and do something for the common shareholders. I now want out of this thing so bad and not because of the 20+ million cash or 20 million tax loss going forward or the massive amount of royalty potential for years to come. Has anyone ever seen something so mismanaged in all your life?

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