Mark Lettes - General Moly Independent Director
Director
Mr. Mark A. Lettes is an Independent Director of the Company. Mr. Lettes was a member of our Board since April 2007. He served as Chief Financial Officer of Apex Silver Mines from June 1998 to June 2006, and was responsible for the financing of Apex Silver Mines largescale San Cristobal silver and zinc mine in Bolivia. Prior to joining Apex Silver Mines, Mr. Lettes held senior financial positions with Cyprus Amax, Amax, Inc., and Amax Gold. Mr. Lettes served as a director of Yukon Zinc Corporation from October 2006 to June 2008, Century Mining Corporation from March 2008 to October 2008 and Selwyn Resources from September 2012 to May 2013, where he served on the audit, governance and technical committees. Mr. Lettes has extensive mining and financial experience gained in his eight years as a chief financial officer at a mining company where he was also responsible for a major financing. In this role, Mr. Lettes was involved in all aspects of financial reporting and compliance. In addition, Mr. Lettes served on the audit, governance and compensation committees of Yukon Zinc Corporation and on the audit, governance and compensation committees of Century Mining Corporationrationration. Mr. Lettes experiences in these roles are directly relevant and important to Mr. Lettes current roles as our Audit Committee Chair and our audit committee financial expert. Mr. Lettes mining and financial experience, as well as his significant past board experience, enhances the knowledge of the Board as the Company works toward seeking and obtaining financing of the Mt. Hope Project and commencing operations. Mr. Lettes is also our Finance Committee Chair. since 2007.
Age | 66 |
Tenure | 17 years |
Phone | 303-928-8599 |
Web | http://www.generalmoly.com |
General Moly Management Efficiency
The company has Return on Asset of (1.28) % which means that on every $100 spent on assets, it lost $1.28. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (193.78) %, meaning that it generated no profit with money invested by stockholders. General Moly's management efficiency ratios could be used to measure how well General Moly manages its routine affairs as well as how well it operates its assets and liabilities.General Moly has 9.31 M in debt with debt to equity (D/E) ratio of 1.48, which is OK given its current industry classification. General Moly has a current ratio of 0.09, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for General to invest in growth at high rates of return.
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Management Performance
Return On Equity | -193.78 | |||
Return On Asset | -1.28 |
General Moly Leadership Team
Elected by the shareholders, the General Moly's board of directors comprises two types of representatives: General Moly inside directors who are chosen from within the company, and outside directors, selected externally and held independent of General. The board's role is to monitor General Moly's management team and ensure that shareholders' interests are well served. General Moly'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, General Moly's outside directors are responsible for providing unbiased perspectives on the board's policies.
R Roswell, Chief Legal Officer, Vice President - Human Resources, General Counsel | ||
Bruce Hansen, Chief Executive Officer, Chief Financial Officer, Director | ||
Terry Lee, Director | ||
Robert Pennington, Chief Operating Officer | ||
Ricardo Campoy, Interim Chairman of the Board, Lead Independent Director | ||
Mark Lettes, Independent Director | ||
Gary Loving, Independent Director | ||
Amanda Corrion, Chief Accounting Officer, Controller | ||
Michael Branstetter, Corporate Counsel and Corporate Secretary | ||
Gregory Raih, Independent Director |
General 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 General Moly 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 | -193.78 | |||
Return On Asset | -1.28 | |||
Current Valuation | 146.98 M | |||
Shares Outstanding | 152.68 M | |||
Shares Owned By Insiders | 44.93 % | |||
Shares Owned By Institutions | 4.44 % | |||
Number Of Shares Shorted | 321.88 K | |||
Price To Earning | (4.54) X | |||
Price To Book | 0.24 X | |||
EBITDA | (4.08 M) |
Pair Trading with General Moly
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 General Moly 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 General Moly will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Johnson Controls could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Johnson Controls 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 Johnson Controls - 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 Johnson Controls International to buy it.
The correlation of Johnson Controls 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 Johnson Controls moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Johnson Controls Int 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 Johnson Controls 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 Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Other Consideration for investing in General Stock
If you are still planning to invest in General Moly 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 General Moly's history and understand the potential risks before investing.
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