Gordon McKinnon - MacDonald Mines Independent Director

BMK Stock  CAD 0.04  0.00  0.00%   

Director

Mr. Gordon S. T. McKinnon is Independent Director of the Company since 2017.
Tenure 7 years
Address 145 Wellington Street West, Toronto, ON, Canada, M5J 1H8
Phone416-364-4986
Webhttps://www.macdonaldmines.com
McKinnon is currently serving as President, CEO and a Director of Canadian Orebodies Inc. He is a principal of McKinnon Prospecting Ltd., a private exploration company, and a Director of Capha Pharmaceuticals Inc., Fox River Resources Corporationrationrationration, and Noble Mineral Exploration Inc. Gordon was a cofounder of Mineral Streams Inc., a private mineral royalty company that was recently sold to AuRico Metals Inc. Prior to joining Canadian Orebodies, he served as Manager of Corporationrationrationrate Development with Baltic Resources Inc., a company which was acquired for over $70M. Gordon graduated with an Honours Bachelor degree in Management and Organizational Studies from the University of Western Ontario in 2006.

MacDonald Mines Management Efficiency

The company has return on total asset (ROA) of (1.7436) % which means that it has lost $1.7436 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (16.7948) %, meaning that it generated substantial loss on money invested by shareholders. MacDonald Mines' management efficiency ratios could be used to measure how well MacDonald Mines manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is likely to climb to 2.42 in 2024, despite the fact that Return On Tangible Assets are likely to grow to (7.05). At this time, MacDonald Mines' Non Currrent Assets Other are fairly stable compared to the past year. Other Assets is likely to climb to 1.21 in 2024, whereas Non Current Assets Total are likely to drop slightly above 13.8 K in 2024.
The company has accumulated 200 K in total debt. MacDonald Mines Expl has a current ratio of 0.25, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist MacDonald Mines until it has trouble settling it off, either with new capital or with free cash flow. So, MacDonald Mines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like MacDonald Mines Expl sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MacDonald to invest in growth at high rates of return. When we think about MacDonald Mines' use of debt, we should always consider it together with cash and equity.

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MacDonald Mines Exploration Ltd., an exploration stage company, engages in the identification, acquisition, exploration, and development of mineral properties in Canada. MacDonald Mines Exploration Ltd. was incorporated in 1936 and is headquartered in Toronto, Canada. MACDONALD MINES operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange. MacDonald Mines Exploration (BMK) is traded on TSX Venture Exchange in Canada and employs 16 people. MacDonald Mines is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

MacDonald Mines Expl Leadership Team

Elected by the shareholders, the MacDonald Mines' board of directors comprises two types of representatives: MacDonald Mines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MacDonald. The board's role is to monitor MacDonald Mines' management team and ensure that shareholders' interests are well served. MacDonald Mines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MacDonald Mines' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kevin Tanas, Director
JeanFrancois PGeo, Chief Geologist
Brent BCom, Senior Development
Michael England, Interim Director
Joseph CA, Interim CFO and Controller
Craig PGeol, VP of Exploration
ACCA BA, Chief Officer
Tara Gilfillan, Chairperson of the Board
Hadyn Butler, Independent Director
John Sanderson, Independent Chairman of the Board
Gregory Romain, CEO Pres
Joseph Heng, Interim CFO, Controller
Gordon McKinnon, Independent Director
Patrice Dubreuil, Director
Quentin Yarie, President COO, Director
Petra Decher, CFO

MacDonald Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is MacDonald Mines a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with MacDonald Mines

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MacDonald Mines position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MacDonald Mines will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MacDonald Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MacDonald Mines when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MacDonald Mines - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MacDonald Mines Exploration to buy it.
The correlation of MacDonald Mines is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MacDonald Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MacDonald Mines Expl moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MacDonald Mines can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MacDonald Mines Exploration. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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Please note, there is a significant difference between MacDonald Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if MacDonald Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MacDonald Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.