Mark Wayne - Moneta Porcupine Director

Director

Mr. Mark Wayne is Independent Director of the Company. Mr. Wayne was a cofounder, chief financial officer and director of Antares Minerals Inc. from July, 2004, to December, 2010, when the company was sold to First Quantum Minerals Ltd. in a transaction valued at over 600million. He was also a cofounder, chief financial officer and director of QGX Ltd. from August, 2002, to September, 2008, when the company was sold to Kerry Holdings Ltd. for 250million. Mr. Wayne is currently chairman of the board of directors of Alamos Gold Inc. and a director of Castle Mountain Mining Co. Ltd. and serves as a director for other public companies. He is currently a vicepresident of IA Securities Inc., a registered investment dealer. Prior to joining MGI in January of 2005, Mr. Wayne spent four years as chief executive officer, a director and a cofounding shareholder of Lightyear Capital Inc., a Calgarybased investment dealer. Mr. Wayne began his career practising corporate and securities law for seven years with Bennett Jones LLP and was directly involved in the investment industry since 1987. Mr. Wayne founded and was president of AltaFund Investment Corporationration, a public investment company with over 100million in assets, from 1987 to 1991. Mr. Wayne then joined Altamira, a noload mutual fund manager, as vicepresident, Western Canada, for seven years from 1991 to 1998 since 2014.
Age 57
Tenure 10 years
Phone705-264-2296
Webhttp://www.monetaporcupine.com
Wayne holds a bachelor of law degree from the University of Toronto and is a chartered financial analyst.

Moneta Porcupine Management Efficiency

The company has return on total asset (ROA) of (48.1) % which means that it has lost $48.1 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (81.83) %, meaning that it generated substantial loss on money invested by shareholders. Moneta Porcupine's management efficiency ratios could be used to measure how well Moneta Porcupine manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 60 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. Moneta Porcupine Mines has a current ratio of 2.39, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Moneta Porcupine until it has trouble settling it off, either with new capital or with free cash flow. So, Moneta Porcupine'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 Moneta Porcupine Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Moneta to invest in growth at high rates of return. When we think about Moneta Porcupine's use of debt, we should always consider it together with cash and equity.

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Moneta Porcupine Mines Inc. operates as a mineral resource exploration and development company in Canada. Moneta Porcupine Mines Inc. was incorporated in 1910 and is headquartered in Timmins, Canada. Moneta Porcupine operates under Gold classification in the United States and is traded on OTC Exchange. Moneta Porcupine Mines [MPUCF] is a Pink Sheet which is traded between brokers as part of OTC trading.

Management Performance

Moneta Porcupine Mines Leadership Team

Elected by the shareholders, the Moneta Porcupine's board of directors comprises two types of representatives: Moneta Porcupine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Moneta. The board's role is to monitor Moneta Porcupine's management team and ensure that shareholders' interests are well served. Moneta Porcupine'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, Moneta Porcupine's outside directors are responsible for providing unbiased perspectives on the board's policies.
Alexander Henry, Independent Director
Gary OConnor, Co-CEO and Chief Geologist and Director
Kevin Heather, Director
Rodney Cooper, Director
Ian Peres, President CEO, Director
Richard Boulay, Interim CFO, Director
Warren Bates, Independent Director
Patricia Sheahan, Independent Director
Mark Wayne, Director

Moneta 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 Moneta Porcupine 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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Note that the Moneta Porcupine Mines information on this page should be used as a complementary analysis to other Moneta Porcupine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Other Consideration for investing in Moneta Pink Sheet

If you are still planning to invest in Moneta Porcupine Mines 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 Moneta Porcupine's history and understand the potential risks before investing.
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