Peter Friedmann - True North Independent Director

TGX Stock  CAD 0.07  0.01  7.14%   

Director

Mr. Peter Friedmann is an Independent Director of True North Gems Inc. since September 14 2011. Mr. Friedmann was Chairman of FGC a holding company which invests among and among others owns manages companies in the steel business including Steelman Software Solutions Managing Director of IGF Fund which invested in Halman Aldubi Finance. HAF is a diversified finance and resources company. President of Canadian Ice Academy hockey rink operations and as well of a Hockey Club Organization. He is Director of Medtel Services a telecommunication company. since 2011.
Tenure 13 years
Address 1027 Davie Street, Vancouver, BC, Canada, V6E 4L2
Phone604 687 8055
Webhttps://www.truenorthgems.com

True North Management Efficiency

The company has return on total asset (ROA) of (1.2485) % which means that it has lost $1.2485 on every $100 spent on assets. This is way below average. True North's management efficiency ratios could be used to measure how well True North manages its routine affairs as well as how well it operates its assets and liabilities. Non Current Assets Total is likely to climb to about 113.6 K in 2024, whereas Total Assets are likely to drop slightly above 133.1 K in 2024.
The company has accumulated 6.46 M in total debt with debt to equity ratio (D/E) of 0.09, which may suggest the company is not taking enough advantage from borrowing. True North Gems has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist True North until it has trouble settling it off, either with new capital or with free cash flow. So, True North'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 True North Gems sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for True to invest in growth at high rates of return. When we think about True North's use of debt, we should always consider it together with cash and equity.

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True North Gems Inc. engages in the acquisition, exploration, and development of mineral properties. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada. TRUE NORTH operates under Other Precious Metals Mining classification in Canada and is traded on TSX Venture Exchange. True North Gems (TGX) is traded on TSX Venture Exchange in Canada and employs 16 people. True North is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

True North Gems Leadership Team

Elected by the shareholders, the True North's board of directors comprises two types of representatives: True North inside directors who are chosen from within the company, and outside directors, selected externally and held independent of True. The board's role is to monitor True North's management team and ensure that shareholders' interests are well served. True North'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, True North's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ken Ralfs, Director
Glen Macdonald, Director
William Anderson, Independent Director
FCPA FCA, Chief Officer
Robert Boyd, Independent Non-Executive Chairman of the Board
David Parsons, Director
Andrew Fagan, Project Mang
John Ryder, Independent Director
Sherry Siu, Sec
Andrew Smith, Interim Chief Executive Officer, Director
Christopher Richards, Chief Financial Officer
Peter Friedmann, Independent Director
Raymond Simpson, Director
Lisa May, Manager - Investor Relations
Owen King, CEO Director
Nicholas Houghton, President CEO, Director

True 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 True North 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 True North 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, True North's short interest history, or implied volatility extrapolated from True North options trading.

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Please note, there is a significant difference between True North's value and its price as these two are different measures arrived at by different means. Investors typically determine if True North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, True North'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.