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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

Comment by WCWiteration3on May 12, 2021 12:26pm
149 Views
Post# 33183239

RE:RE:RE:New Share Holder

RE:RE:RE:New Share Holderthis is Mr Rozier taking money out in a tax advantage way.  he is not shareholder friendly.  the oil is in serious decline and means Beach will stop drilling there and move on.  in the end the royalty pays for a few years, yes.  the mineral claim is moose pasture.  it is a low quality claim, free and clear, Rozier and the cfo used to vend into NWX for cheap shares in NWX cause they knew the oil was flowing in Oz and took advantage of that info at shareholder expense.

hold your nose owning this.
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