Bullboard - Stock Discussion Forum 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... see more

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TSXV:NWX - Post Discussion

Newport Exploration Ltd > What’s the Aussie dollar at?

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Post by rad10 on Jun 06, 2023 8:39am

What’s the Aussie dollar at?

Toll booth company.

looks like insider selling has stopped

https://www.newswire.ca/news-releases/newport-receives-aud-1-313-725-gross-aud-919-608-net-quarterly-royalty-payment-817074259.html

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Comment by jsnfernley on Jun 07, 2023 12:44pm

This is actually a watershed moment, as the quarterly payment no longer covers the annual management cost. If this trend continues, your "divy" will be "safe" at under C$.03 per share.

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Comment by rad10 on Jul 18, 2023 6:09am

Took a look at beach's results. Volumes are still down, but the drilling has been fairly successful in the cooper basin. Royalty payments have been cut significantly. No insider activity recently.

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