Michael Sweatman - Nevada Sunrise Chairman of the Board, Independent Director

NEV Stock  CAD 0.02  0.01  33.33%   

Chairman

Mr. Michael D. Sweatman was appointed as NonExecutive Chairman of the Board Nevada Sunrise Gold Corporationration, with effect from April 14, 2014 since 2015.
Tenure 9 years
Address 1199 West Pender Street, Vancouver, BC, Canada, V6E 2R1
Phone604 428 8028
Webhttps://www.nevadasunrise.ca
Sweatman brings a combination of practical, accounting and taxation perspectives to the company. He is a chartered accountant. He worked for Noranda and Cassiar Asbestos in the mid1970s at the Bell Copper and Clinton Creek mines, and later completed his BA at Simon Fraser University. He obtained his chartered accountant designation in 1982, and currently operates his own accounting practice and MDS Management Ltd., a business providing management consulting services. Since 1992, Mr. Sweatman has served as a director or officer of a number of Toronto Stock Exchange and TSX Venture Exchange public companies, and currently serves as a director of Brownstone Energy Inc., Mega Uranium Ltd., Mega Precious Metals Inc., Red Hut Metals Inc., Cortez Gold Corporation and Teslin River Resources Corporation He has participated in a number of successful merger and qualifying transactions, and serves as a member and chairman of several audit committees.

Nevada Sunrise Management Efficiency

The company has return on total asset (ROA) of (0.3942) % which means that it has lost $0.3942 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.7379) %, meaning that it generated substantial loss on money invested by shareholders. Nevada Sunrise's management efficiency ratios could be used to measure how well Nevada Sunrise manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to -1.49 in 2024. Return On Capital Employed is likely to drop to -1.76 in 2024. At this time, Nevada Sunrise's Total Assets are fairly stable compared to the past year. Non Current Assets Total is likely to climb to about 1.8 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 2.5 M in 2024.
Nevada Sunrise Gold has accumulated 310.12 K in total debt. Nevada Sunrise Gold has a current ratio of 0.54, 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 Nevada Sunrise until it has trouble settling it off, either with new capital or with free cash flow. So, Nevada Sunrise'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 Nevada Sunrise Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nevada to invest in growth at high rates of return. When we think about Nevada Sunrise's use of debt, we should always consider it together with cash and equity.
Nevada Sunrise Gold Corporation, a junior mineral exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Nevada, the United States. Nevada Sunrise Gold Corporation is headquartered in Vancouver, Canada. NEVADA SUNRISE operates under Other Industrial Metals Mining classification in Exotistan and is traded on Commodity Exchange. Nevada Sunrise Gold (NEV) is traded on TSX Venture Exchange in Canada and employs 11 people. Nevada Sunrise is listed under Diversified Metals & Mining category by Fama And French industry classification.

Management Performance

Nevada Sunrise Gold Leadership Team

Elected by the shareholders, the Nevada Sunrise's board of directors comprises two types of representatives: Nevada Sunrise inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nevada. The board's role is to monitor Nevada Sunrise's management team and ensure that shareholders' interests are well served. Nevada Sunrise'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, Nevada Sunrise's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael Sweatman, Chairman of the Board, Independent Director
Charles Roy, Independent Director
Brent Petterson, Chief Financial Officer
Suraj Ahuja, Independent Director
Richard Kehmeier, Technical Consultant
Jonathan CPA, Chief Officer
Warren Stanyer, CEO and President Director and Member of Audit Committee
Christina Boddy, Corporate Secretary
Christina BSc, Corporate Secretary
Cory Kent, Director
John Oldow, Geological Technical Advisor and Member of Advisory Board

Nevada Stock Performance Indicators

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Thematic Opportunities

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