James McMillan - Galore Resources President Chairman

GRI Stock  CAD 0.01  0.00  0.00%   

Chairman

Mr. James Michael McMillan is Chairman of the Board, Chief Executive Officer of Galore Resources Inc. He was appointed as Chairman of the Board of the Company effective February 15, 2013. Mr. McMillan has more than 30 years of experience working with companies focused on marketing, sales and acquisitions of drilling equipment, as well as providing services to energy and mining companies in North and South America, Europe, Asia and Mexico since 2013.
Tenure 11 years
Phone604-647-2298
Webhttps://www.galoreresources.com
McMillan graduated in 1978, with a Bachelors degree in Business Management from Texas Tech University. In 1998, Mr. McMillan formed Equipment Marketing Solutions Inc. . EMS specializes in brokering companies as ongoing concerns and provides asset liquidation services through private sale or public option. In addition to EMS, in 2005 he founded J&M McMillan Properties Inc., which concentrates on the acquisition of land parcels and mineral properties.

Galore Resources Management Efficiency

The company has return on total asset (ROA) of (0.0283) % which means that it has lost $0.0283 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3153) %, meaning that it generated substantial loss on money invested by shareholders. Galore Resources' management efficiency ratios could be used to measure how well Galore Resources manages its routine affairs as well as how well it operates its assets and liabilities.
Galore Resources has accumulated 961.83 K in total debt with debt to equity ratio (D/E) of 6.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Galore Resources has a current ratio of 0.05, 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 Galore Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Galore Resources' 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 Galore Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Galore to invest in growth at high rates of return. When we think about Galore Resources' use of debt, we should always consider it together with cash and equity.

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Galore Resources Inc., together with its subsidiary, Minerales Galore, S.A de C.V., acquires, explores for, and evaluates mineral properties in Canada and Mexico. Galore Resources Inc. was incorporated in 2004 and is headquartered in North Vancouver, Canada. GALORE RESOURCES is traded on TSX Venture Exchange in Canada. Galore Resources (GRI) is traded on TSX Venture Exchange in Canada and employs 4 people. Galore Resources is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Galore Resources Leadership Team

Elected by the shareholders, the Galore Resources' board of directors comprises two types of representatives: Galore Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galore. The board's role is to monitor Galore Resources' management team and ensure that shareholders' interests are well served. Galore 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, Galore Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
James McMillan, President Chairman
Pamela White, Corporate Secretary
John Hajek, Vice Exploration
Craig Byington, Vice Exploration

Galore Stock Performance Indicators

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Thematic Opportunities

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