Mahendra Naik - Fortune Minerals Independent Chairman of the Board
| FT Stock | CAD 0.04 0.01 14.29% |
Chairman
Mr. Mahendra Naik, CPA, is the Chairman of the Board of Fortune Minerals Limited since March 2006. He is a Chartered Accountant and was one the founding directors and key executives in starting IAMGOLD Corporationrationration, a TSX and NYSE listed gold mining company. As Chief Financial Officer from 1990 to 1999, he was involved in the negotiations of the Sadiola and Yatela mine joint ventures with Anglo American and the US400 million in project debt financings for development of the mines. In addition, he was involved in more than 150 million in equity financings including the IPO for IAMGOLD. He is currently the Chief Financial Officer of Fundeco Inc., a private investment company and a director and member of the audit and compensation committees for IAMGOLD. In addition, he is a Director and member of audit and compensation committees of FirstGlobalData Limited, Goldmoney Network Limited and Jameson Bank. He holds B.Comm. since 2006.
| Age | 56 |
| Tenure | 18 years |
| Professional Marks | CPA |
| Address | 617 Wellington Street, London, ON, Canada, N6A 3R6 |
| Phone | 519 858 8188 |
| Web | https://www.fortuneminerals.com |
Fortune Minerals Management Efficiency
The company has return on total asset (ROA) of (0.8595) % which means that it has lost $0.8595 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.6596) %, meaning that it generated substantial loss on money invested by shareholders. Fortune Minerals' management efficiency ratios could be used to measure how well Fortune Minerals manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Fortune Minerals' Return On Capital Employed is very stable compared to the past year. As of the 22nd of April 2024, Return On Equity is likely to grow to 0.35, though Return On Tangible Assets are likely to grow to (1.73). At this time, Fortune Minerals' Other Assets are very stable compared to the past year. As of the 22nd of April 2024, Debt To Assets is likely to grow to 6.36, while Total Assets are likely to drop about 1.5 M.Similar Executives
| Found 2 records | CHAIRMAN Age | ||
| Joseph Papa | Bausch Health Companies | 62 | |
| Kathleen McNallyLeitch | Big Rock Brewery | N/A | |
Management Performance
| Return On Equity | -0.66 | ||||
| Return On Asset | -0.86 |
Fortune Minerals Leadership Team
Elected by the shareholders, the Fortune Minerals' board of directors comprises two types of representatives: Fortune Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Minerals' management team and ensure that shareholders' interests are well served. Fortune Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Knight, Secretary, Director | ||
| BA LLB, Co Sec | ||
| Edward Yurkowski, Independent Director | ||
| Troy Nazarewicz, IR Contact | ||
| Michael Romaniuk, Vice President - Operations | ||
| John McVey, Director | ||
| Robin Goad, President CEO, Director | ||
| James Excell, Independent Director | ||
| David Ramsay, Director | ||
| Mahendra Naik, Independent Chairman of the Board | ||
| Glen Koropchuk, Director | ||
| Carl Clouter, Director | ||
| Shou Chen, Independent Director | ||
| Shouwu Chen, Independent Director | ||
| CPIR CIM, Investor Manager | ||
| David Massola, CFO, Vice President - Finance | ||
| George Doumet, Independent Honorary Chairman of the Board |
Fortune 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 Fortune Minerals 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.
| Return On Equity | -0.66 | ||||
| Return On Asset | -0.86 | ||||
| Current Valuation | 28.81 M | ||||
| Shares Outstanding | 499.64 M | ||||
| Shares Owned By Insiders | 4.43 % | ||||
| Number Of Shares Shorted | 17.41 K | ||||
| Price To Earning | 85.00 X | ||||
| Price To Book | 0.54 X | ||||
| Price To Sales | 1,842 X | ||||
| Gross Profit | 103.36 K |
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 Fortune Minerals 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, Fortune Minerals' short interest history, or implied volatility extrapolated from Fortune Minerals options trading.
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