Christopher Richards - True North Chief Financial Officer

TGX Stock  CAD 0.05  0.00  0.00%   

CFO

Mr. Christopher Richards is Chief Financial Officer of the Company since 2015.
Tenure 9 years
Phone604 687 8055
Webhttps://www.truenorthgems.com
Richards has a bachelor of business administration from Simon Fraser University and seven years experience at KPMG, ending as senior manager of audit services . He was controller at NovaGold Resources Inc. for nearly two years, before being appointed vicepresident, finance, and corporate secretary at Altynalmas Gold . He was responsible for financial systems and compliance during the development and construction of the Kyzyl gold project in Kazakhstan. In 2014, this project was acquired by Polymetal International PLC as part of a $618million cashandshare deal.

True North Management Efficiency

The company has return on total asset (ROA) of (0.9529) % which means that it has lost $0.9529 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.
True North Gems has accumulated 6.8 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 9 people.

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
Sherry Siu, Sec
CPA CMA, CEO Director
Glen Macdonald, Director
Andrew Smith, Interim Chief Executive Officer, Director
Christopher Richards, Chief Financial Officer
FCPA FCA, Chief Officer
Owen King, CEO Director
Andrew Fagan, Project Mang

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.

Thematic Opportunities

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