Bullboard - Stock Discussion Forum 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... see more

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TSXV:NWX - Post Discussion

Newport Exploration Ltd > Watching the Treasury

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Post by JayBanks on Jun 11, 2022 6:49pm

Watching the Treasury

On May 10th : 4.3 million - announcement of dividend
On June 1st : 3.5 million - after dividend payment, after receiving the royalty payment it had 5.6 million

thats .8 million pulled out to make the dividend payment...

I should have mentioned the after dividend amount in my last post not the after royalty number, but that's an even lower number and bleaker picture...

3.5 = 3.3 cents per share in the treasury just to give the proper update now...

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