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.

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Newport Exploration Ltd > I want this one to drop so i can grab more

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Comment by Hunguson Jan 17, 2021 12:16am

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RE:I want this one to drop so i can grab more

The problem I have with them is their clear-as-mud news releases on the matter. Will it be a 1 cent per share dividend per quarter with an extra big dividend at the end of the year (if it happens to have been a good year for them)? Or will their new dividend amount be 3 cents per share from now on, going forward?

So, It boils down to expecting to receive either 12 cents per share of dividends in a year or 6 - if you're lucky. Which will it actually be? I guess we'll have to wait another month or so to find out, when they declare the next dividend amount. The pessimist in me is expecting the latter scenario...

Chefboy69 wrote: but MR.Market won't let that happen and I refuse to average up

so here i sit with my bids..LOL

seriously the market is so slow.a 24% yield and no one is interested?

i guess the volatility of bitcoin and EV stocks and metal stocks has money elsewhere

GLTA