Ian Murray - Gold Road Executive Chairman of the Board

ELKMF Stock  USD 1.07  0.04  3.88%   

Chairman

Mr. Ian Louis Murray is no longer Executive Director of the Board of Gold Road Resources Limited effect from 12 31 2018 since 2018.
Age 49
Tenure 6 years
Phone61 8 9200 1600
Webhttps://www.goldroad.com.au
Murray was appointed on 15 October 2007 as Nonexecutive Director and on 12 February 2008 as Executive Chairman. On 1 July 2016 Mr Murray stepped down as Executive Chairman and was appointed Managing Director and Chief Executive Officer. Mr Murray is a qualified Chartered Accountant with more than 20 years' corporate experience in the publicly listed resources sector. Between 1997 and 2005 he held positions including Chief Financial Officer and Chief Executive Officer with DRDGOLD Ltd. Mr Murray oversaw DRDGOLD major acquisitions, restructures and stock exchange listings which grew the company from a small, leasebound South African miner into a globally listed multimine gold company producing over one million ounces of gold per annum at its peak. During this time, he also served as a Nonexecutive Director of South African gold refinery Rand Refinery Limited and the internet based commodity investment platform GoldMoney.com

Gold Road Management Efficiency

The company has return on total asset (ROA) of 0.0674 % which means that it generated a profit of $0.0674 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1003 %, meaning that it generated $0.1003 on every $100 dollars invested by stockholders. Gold Road's management efficiency ratios could be used to measure how well Gold Road manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 115.43 M in total debt with debt to equity ratio (D/E) of 0.16, which may suggest the company is not taking enough advantage from borrowing. Gold Road Resources has a current ratio of 3.38, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Gold Road until it has trouble settling it off, either with new capital or with free cash flow. So, Gold Road'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 Gold Road Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gold to invest in growth at high rates of return. When we think about Gold Road's use of debt, we should always consider it together with cash and equity.

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Gold Road Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Western Australia. Gold Road Resources Limited was incorporated in 2004 and is based in West Perth, Australia. Gold Road operates under Gold classification in the United States and is traded on OTC Exchange. It employs 73 people. Gold Road Resources [ELKMF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

Gold Road Resources Leadership Team

Elected by the shareholders, the Gold Road's board of directors comprises two types of representatives: Gold Road inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gold. The board's role is to monitor Gold Road's management team and ensure that shareholders' interests are well served. Gold Road'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, Gold Road's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gordon Murray, Bus. Devel. Manager
Sharon Warburton, Independent Non-Executive Director
Hayden Bartrop, Joint Company Secretary
Brian Levet, Non-Executive Independent Director
John Donaldson, Principal Geologist
Duncan Gibbs, CEO, Managing Director
Russell Davis, Non-Executive Director
Martin Pyle, Non-Executive Independent Director
Kevin Hart, Company Secretary
Carol Marinkovich, Joint Company Secretary
Keely Woodward, Joint Sec
Justin Osborne, Head of Exploration and Executive Director
Timothy Netscher, Non-Executive Director
Sim Lau, Development Manager
Duncan Hughes, Gen Relations
Wayne Foote, General Manager - Operations
Ian Murray, Executive Chairman of the Board
John Mullumby, Chief Officer

Gold Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Gold Road 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 Gold Road 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, Gold Road's short interest history, or implied volatility extrapolated from Gold Road options trading.
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Please note, there is a significant difference between Gold Road's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Road is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Road'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.