Thomas Spilsbury - Minco Silver Independent Director

MSV Stock  CAD 0.23  0.01  4.55%   

Director

Mr. Wayne Spilsbury is an Independent Director of Minco Silver Corporationrationration, since March 9, 2009. Mr. Spilsbury received his B.Sc. in 1973 from the University of British Columbia and his M.Sc. in 1982 from Queens University in Ontario. He brings 35 years experience in mining, including 28 years with Teck Resources Limited and is their former General Manager, Exploration Asia Pacific. He has worked throughout Western Canada, the United States, Asia, and Australia. Mr. Spilsbury is a Member of the Association of Professional Engineers and Geoscientists of British Columbia, a Graduate and Member of Australian Institute of Company Directors, a Member of Australian Institute of Geoscientists and a Fellow of Australasian Institute of Mining and Metallurgy. Mr. Spilsbury serves as a director of the following publiclytraded companies Pioneer Resources Limited, an ASX listed company and GGL Resources Corporationrationration, a TSX Venture listed company . since 2009.
Tenure 15 years
Address 1055 West Georgia Street, Vancouver, BC, Canada, V6E 3R5
Phone604-688-8002
Webhttps://www.mincosilver.com

Minco Silver Management Efficiency

The company has return on total asset (ROA) of (0.0368) % which means that it has lost $0.0368 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0898) %, meaning that it generated substantial loss on money invested by shareholders. Minco Silver's management efficiency ratios could be used to measure how well Minco Silver manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of May 2024, Return On Tangible Assets is likely to drop to -0.09. In addition to that, Return On Capital Employed is likely to drop to -0.07. At this time, Minco Silver's Total Assets are very stable compared to the past year. As of the 22nd of May 2024, Other Current Assets is likely to grow to about 438 K, while Total Current Assets are likely to drop about 43.9 M.
The company has accumulated 994.42 K in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. Minco Silver has a current ratio of 48.47, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Minco Silver until it has trouble settling it off, either with new capital or with free cash flow. So, Minco Silver's 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 Minco Silver sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Minco to invest in growth at high rates of return. When we think about Minco Silver's use of debt, we should always consider it together with cash and equity.
Minco Silver Corporation, a development stage company, engages in the acquisition, exploration, development, and maintenance of mineral resource projects. The company was incorporated in 2004 and is headquartered in Vancouver, Canada. MINCO SILVER operates under Silver classification in Canada and is traded on Toronto Stock Exchange. Minco Silver (MSV) is traded on Toronto Exchange in Canada and employs 10 people. Minco Silver is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Minco Silver Leadership Team

Elected by the shareholders, the Minco Silver's board of directors comprises two types of representatives: Minco Silver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Minco. The board's role is to monitor Minco Silver's management team and ensure that shareholders' interests are well served. Minco Silver's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Minco Silver's outside directors are responsible for providing unbiased perspectives on the board's policies.
George Lian, Lead Independent Director
David Li, Chief Financial Officer
Renee Lin, CFO Secretary
BSc BSc, Advisor
Ken Cai, Chairman of the Board, President, Chief Executive Officer
Larry Tsang, Chief Financial Officer
Maria Tang, Independent Director
Jennifer Trevitt, Director of Corporate Affairs and Corporate Secretary
Tim Sun, Independent Director
Thomas Spilsbury, Independent Director
Wade Dawe, Advisor

Minco 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 Minco Silver 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.

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Please note, there is a significant difference between Minco Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if Minco Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Minco Silver's 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.