Jean Potvin - Gold Reserve Independent Director

GRZ Stock  CAD 4.00  0.01  0.25%   

Director

Mr. Jean Charles Potvin is an Independent Director of Gold Reserve Inc. Mr. Potvin is Director and President of Flemish Gold Corporationration and is a director of Azimut Exploration Ltd. and Geomega Resources Ltd. Mr. Potvin holds a BS degree in Geology from Carleton University and an MBA from the University of Ottawa. He spent nearly 14 years as a mining investment analyst for Canadian investment brokerage firm . Mr. Potvin was a member of this Committee since August 2003. since 1993.
Age 60
Tenure 31 years
Address 999 West Riverside Avenue, Spokane, WA, United States, 99201
Phone509 623 1500
Webhttps://www.goldreserveinc.com

Gold Reserve Management Efficiency

The company has return on total asset (ROA) of (0.0539) % which means that it has lost $0.0539 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.5768) %, meaning that it generated substantial loss on money invested by shareholders. Gold Reserve's management efficiency ratios could be used to measure how well Gold Reserve manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.26 in 2024. Return On Capital Employed is likely to drop to -0.13 in 2024. At this time, Gold Reserve's Total Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to climb to about 10 M in 2024, whereas Total Current Assets are likely to drop slightly above 51.1 M in 2024.
The company has accumulated 314.92 K in total debt with debt to equity ratio (D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Gold Reserve has a current ratio of 129.7, 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 Reserve until it has trouble settling it off, either with new capital or with free cash flow. So, Gold Reserve'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 Reserve 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 Reserve's use of debt, we should always consider it together with cash and equity.

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Gold Reserve Inc., an exploration stage company, acquires, explores, and develops mineral properties. The company was founded in 1956 and is based in Spokane, Washington. GOLD RESERVE operates under Gold classification in Canada and is traded on TSX Venture Exchange. It employs 7 people. Gold Reserve (GRZ) is traded on TSX Venture Exchange in Canada and employs 12 people. Gold Reserve is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Gold Reserve Leadership Team

Elected by the shareholders, the Gold Reserve's board of directors comprises two types of representatives: Gold Reserve 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 Reserve's management team and ensure that shareholders' interests are well served. Gold Reserve'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 Reserve's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Coleman, Non-Executive Independent Chairman of the Board
Robert McGuinness, CFO and VP of Fin.
A Belanger, President Director
Mary Smith, VP of Admin. and Secretary
Patrick McChesney, Independent Director
James Geyer, Director
Rockne Timm, CEO, Director and Chairman of Executive Committee
David Onzay, Chief Officer
Douglas Belanger, President, Director and Member of Executive Committee
Kenneth Juster, Director
Jean Potvin, Independent Director
BBA LLB, Ex Chairman

Gold 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 Gold Reserve 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 Gold Reserve's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Reserve is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Reserve'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.