| RIOFF Stock | | | USD 0.48 0.03 6.67% |
CEO
Mr. Alexander Black is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Black lives in Lima, Peru and has 35 years experience in the mining industry. Mr. Black holds a BSc in Mining Engineering from the University of South Australia and is a member of the Australasian Institute of Mining and Metallurgy. Prior to moving to Peru in 2000, Mr. Black was the founder and Managing Director of international mining consulting services group Global Mining Services from 1994 to 2000. In 1996, Mr. Black also founded and was Chairman of OFEX listed AGR Limited with exploration projects in Ghana and Mongolia. In 2002, Mr. Black took control of Chariot Resources Limited as a listed TSXV shell and played a key role in the acquisition of the Mina Justa Copper Project and formation of the Korean joint venture with Chariot Resources. Upon his resignation as Chairman Executive VP of Chariot Resources in 2006, Mr. Black founded the Peruvian registered Rio Alto S.A.C. In 2009 after successfully negotiating the acquisition of the La Arena Gold Project from Iamgold Corporationration Rio Alto was acquired by Mexican Silver Mines and renamed Rio Alto Mining Limited. In 2014, Rio Alto also completed the successful acquisition of Sulliden Gold and the Shahuindo Gold Project for C300M. Mr. Black, as President CEO of Rio Alto Mining Limited and his experienced management team built Rio Alto from a C12M company in 2009 to a C1.2Bn company in 2015 at the time of the acquisition by Tahoe Resources Inc. since 2017.
| Age | 65 |
| Tenure | 7 years |
| Phone | 604 260 2696 |
| Web | https://www.rio2.com |
Rio2 Management Efficiency
The company has return on total asset
(ROA) of
(0.0977) % which means that it has lost $0.0977 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.0792) %, meaning that it generated substantial loss on money invested by shareholders. Rio2's management efficiency ratios could be used to measure how well Rio2 manages its routine affairs as well as how well it operates its assets and liabilities.
Rio2 Limited has accumulated 857.2
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. Rio2 Limited has a current ratio of 4.36, suggesting that it is
liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Rio2 until it has trouble settling it off, either with new capital or with free cash flow. So, Rio2'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 Rio2 Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Rio2 to invest in growth at high rates of return. When we think about Rio2's use of debt, we should always consider it together with cash and equity.
Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, and Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada. Rio2 operates under Gold classification in the United States and is traded on OTC Exchange. Rio2 Limited [RIOFF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.
Management Performance
Rio2 Limited Leadership Team
Elected by the shareholders, the Rio2's board of directors comprises two types of representatives: Rio2 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Rio2. The board's role is to monitor Rio2's management team and ensure that shareholders' interests are well served. Rio2'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, Rio2's outside directors are responsible for providing unbiased perspectives on the board's policies.
Rio2 Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Rio2 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.
Currently Active Assets on Macroaxis
Other Information on Investing in Rio2 OTC Stock
Rio2 financial ratios help investors to determine whether Rio2 OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rio2 with respect to the benefits of owning Rio2 security.