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Newport Exploration Ltd NWXPF


Primary Symbol: V.NWX

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

Post by JayBankson May 10, 2022 11:01am
286 Views
Post# 34670382

Well now there is some news I’ll accept as ‘positive’

Well now there is some news I’ll accept as ‘positive’

Increased the dividend back to 2 cents, my question is how much will we see for an income number if it's covered or if we are still playing the game of pulling from the piggy bank?

If we see that we are covering with income I'll likely step back in.

I did expect a deeper and sharper impact of the dividend reduction rather than the small gradual step downs we saw the past several months. My expectation is still to bounce back and forth between 1-2 cent payouts unless the coverage gets very comfortable which may end up happening...

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