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 |
| Phone | 416-848-0105 |
| Web | http://www.eastmain.com |
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.
Michael Hoffman over three months ago Acquisition by Michael Hoffman of 163880 shares of Annovis BioInc subject to Rule 16b-3 | ||
Michael Hoffman over three months ago Acquisition by Michael Hoffman of 164745 shares of Annovis BioInc subject to Rule 16b-3 |
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.Similar Executives
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Management Performance
| Return On Equity | -21.26 | |||
| Return On Asset | -17.19 |
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.
| Return On Equity | -21.26 | |||
| Return On Asset | -17.19 | |||
| Current Valuation | 53.15 M | |||
| Shares Outstanding | 290.62 M | |||
| Shares Owned By Insiders | 1.62 % | |||
| Shares Owned By Institutions | 10.05 % | |||
| Price To Earning | (10.69) X | |||
| Price To Book | 0.71 X | |||
| EBITDA | (2.38 M) | |||
| Net Income | (1.77 M) |
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 Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft 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 Microsoft - 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 Microsoft to buy it.
The correlation of Microsoft 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 Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft 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 Microsoft 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.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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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