Newport Exploration Ltd NWXPF

Primary Symbol: V.NWX

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 > Dividend halved

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Comment by jsnfernleyon Jul 04, 2024 4:58pm

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Post# 36118806

RE:Dividend halved

Could you please defne what you mean by "These shares don't owe us much"?

Management is paying itself $80k a month, directors fees are $7.5k a month. For what? Cashing checks every quarter? Complex lease accounting for the office space rent?

Travel expense over $100k per year. For what?

It now takes two quarters of royalties to pay for the annual blue chip overhead.

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Advancing flagship Ishkõday Gold Project in Ontario