Michael Hoffman - Eastmain Resources Non-Executive Independent Director

Director

Mr. Michael L. Hoffman, P.Eng. is NonExecutive Independent Director of the Company. Mr. Hoffman started his career in the Canadian mining industry, working his way through engineering and mine operating roles for a number of mines across Canada, including the Arctic. In the late 1990s, he moved to Toronto with Rio Algom and worked on both the Antamina and Spence projects in Peru and Chile, respectively. He worked for Goldcorp as Vice President, Projects and oversaw both feasibility and construction of the 3 shaft mining complex, and was responsible for the due diligence and integration of Goldcorp with Wheaton River Minerals. He worked as Vice President, Projects for Desert Sun Mining on the expansion of the Jacobina Mine in Brazil and stayed with Yamana as an executive after the merger with Desert Sun Mining. After Yamana, Mr. Hoffman then became President and CEO of Kria Resources, which acquired a number of base metal projects in Canada and later merged with Trevali Resources. He was founder and CEO of Crocodile Gold, which acquired a number of gold assets in Australia and subsequently, after he left, merged with Newmarket Gold. Since his time with Crocodile Gold, Mr. Hoffman was active as Principal of M Hoffman Consulting Ltd. which provides advisory services to the mining industry. He has assisted on a number of projects including Belo Sun Mining, Brazil Potash and African Thunder Platinum. Mr. Hoffmans northern Canadian experience includes operating roles, contracting experience and construction experience in the Yukon, Northwest Territories, Nunavut, northern Manitoba and northern Ontario. In addition to being a director of Eastmain Resources, he is also a director of Trevali Resources and Kombat Copper. He has experience serving on audit committees, sustainability committees and compensation committees since 2016.
Age 55
Tenure 8 years
Phone416-848-0105
Webhttp://www.eastmain.com
Hoffman holds a Bachelor of Applied Science, Mining Engineering from Queen’s University and is a Professional Engineer in the province of Ontario.

Michael Hoffman Latest Insider Activity

Tracking and analyzing the buying and selling activities of Michael Hoffman against Eastmain Resources otc stock is an integral part of due diligence when investing in Eastmain Resources. Michael Hoffman insider activity provides valuable insight into whether Eastmain Resources is net buyers or sellers over its current business cycle. Note, Eastmain Resources insiders must abide by specific rules, including filing SEC forms every time they buy or sell Eastmain Resources'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Eastmain Resources Management Efficiency

The company has return on total asset (ROA) of (17.19) % which means that it has lost $17.19 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (21.26) %, meaning that it generated substantial loss on money invested by shareholders. Eastmain Resources' management efficiency ratios could be used to measure how well Eastmain Resources manages its routine affairs as well as how well it operates its assets and liabilities.

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Eastmain Resources Inc., together with its subsidiary, Eastmain Mines Inc., engages in the acquisition and exploration of mineral resource properties in Canada. The company was incorporated in 1982 and is headquartered in Toronto, Canada. EASTMAIN RESOURCES operates under Gold classification in the United States and is traded on OTC Exchange. It employs 15 people. Eastmain Resources [EANRF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Eastmain Resources Leadership Team

Elected by the shareholders, the Eastmain Resources' board of directors comprises two types of representatives: Eastmain Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eastmain. The board's role is to monitor Eastmain Resources' management team and ensure that shareholders' interests are well served. Eastmain Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eastmain Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
David Joyce, Independent Director
Laurence Curtis, Non-Executive Chairman of the Board
George Duguay, Corporate Secretary
William McGuinty, Vice President - Exploration
Michael Hoffman, Non-Executive Independent Director
Alison Dwoskin, Manager Investor Relations
Tamara Tamara, Director
Tamara Brown, Director
Murray Short, Director
Donald Robinson, President CEO, Director
Ian Bryans, Independent Director
James Bezeau, CFO
Claude Lemasson, Non-Executive Independent Director
Richard Hutchinson, Mining Consultant
Serge Bureau, Mining Consultant
Joe Fazzini, CFO, Vice of President Corporate Development based in Toronto
John Hansuld, Independent Director
Jay Goldman, Corporate Secretary
Herve Thiboutot, Technical Advisor
Timo Jauristo, Non-Executive Independent Director
Blair Schultz, Non-Executive Independent Director
Maura Lendon, Director
Ted Moses, Consultant
Stephen Jong, Non-Executive Independent Director
Neil Hillhouse, Mining Consultant
Jacques Simoneau, Technical Advisor
George Salamis, Non-Executive Independent Director

Eastmain Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Eastmain Resources 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Eastmain Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Eastmain Resources' short interest history, or implied volatility extrapolated from Eastmain Resources options trading.

Pair Trading with Eastmain Resources

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 Eastmain Resources 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 Eastmain Resources will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Dominion Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dominion Energy 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 Dominion Energy - 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 Dominion Energy to buy it.
The correlation of Dominion Energy 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 Dominion Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dominion Energy 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 Dominion Energy 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Other Consideration for investing in Eastmain OTC Stock

If you are still planning to invest in Eastmain Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Eastmain Resources' history and understand the potential risks before investing.
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