Board Change • Jan 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. Independent Director Ken Onoda-Song was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. Independent Director Ken Onoda-Song was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Anuncio • Jul 11
G.E.T.T. Gold Inc., Annual General Meeting, Sep 06, 2024 G.E.T.T. Gold Inc., Annual General Meeting, Sep 06, 2024. New Risk • Jan 28
New major risk - Revenue and earnings growth Earnings have declined by 6.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.4m free cash flow). Negative equity (-CA$14m). Earnings have declined by 6.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.07m market cap, or US$796.0k). Board Change • Sep 08
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. Independent Director Ken Onoda-Song was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 31
High number of new directors Independent Director Ken Onoda-Song was the last director to join the board, commencing their role in 2021. Anuncio • Oct 20
G.E.T.T. Gold Inc., Annual General Meeting, Nov 08, 2022 G.E.T.T. Gold Inc., Annual General Meeting, Nov 08, 2022, at 13:00 US Eastern Standard Time. Agenda: To receive and consider the financial statements of the Corporation for the fiscal year ended September 30, 2021 and the auditor's report thereon; to elect the directors of the Corporation; to appoint the auditor and authorize the directors to fix its remuneration; to consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution approving the Corporation's Omnibus Equity Incentive Plan ("Omnibus Plan"), as set forth in Appendix "A" of the attached Management Proxy Circular; and to transact such other business as may properly be brought before the Meeting. Board Change • Oct 03
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Anuncio • Jul 23
G.E.T.T. Gold Inc., Annual General Meeting, Sep 20, 2022 G.E.T.T. Gold Inc., Annual General Meeting, Sep 20, 2022. Anuncio • Jun 16
G.E.T.T Gold Announces CFO Change, Effective June 01, 2022 G.E.T.T Gold Inc. provided an update on the progress of its corporate activities and initiatives. Ms. Annie-Claude Courchesne will be replacing Ms. Vanessa Guimond as the company's CFO effective June 1, 2022. Ms. Courchesne has a strong expertise in certification and management of financial and operational risks. She is a member of the Order of Chartered Professional Accountants of Quebec and is currently a partner at Guimond Lavallée inc., a chartered professional accounting firm. During her career, she has had the opportunity to participate in and manage multiple assignments in the areas of certification of public and private companies, risk management, compliance and internal audit. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Dec 06
Interim President & CEO Jean-Yves Therien has left the company On the 1st of December, Jean-Yves Therien was replaced as CEO by Fabien Miller after 1.0 years in the role. We don't have any record of a personal shareholding under Jean-Yves' name. A total of 2 executives have left over the last 12 months. Under Jean-Yves' leadership, the company delivered a total shareholder return of -50%. Board Change • Nov 13
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Fabien Miller is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Mar 17
Nippon Dragon Resources Inc. Announces Temporary Suspension of Exploration Activities at Rocmec 1 Nippon Dragon Resources Inc. Company's Management and Board of Directors announces that while the company is pursuing various funding options, and in order to preserve cash on hand, it has been decided to temporarily suspend its exploration activities at Rocmec 1. Over the past months Nippon conducted grassroots exploration to determine the existence, location, extent or quality of mineral resources at Rocmec 1. Additionally during that same period the company constructed 150m of adits /mining drifts and conducted geological surveying, drilling, sluice and shaking table testing, slusher /tugger-scraper digging, ore sampling, fire assays with gravimetry finish and spectral analysis. The Rocmec 1 project is located in the Dasserat Township, Province of Québec on the shores of the Labyrinthe Lake. It is approximately 35 kilometres west of the town of Rouyn-Noranda and is easily accessible from Route 117 and the frontier gravel road separating Quebec and Ontario and a secondary gravel road to the site. The property was acquired in October 2005, dewatering and rehabilitation of the mine commenced in January 2006. To date, Nippon Dragon has invested approximately $33,000,000 in rehabilitating the property, surface and underground infrastructure, diamond drilling, equipment and drifting. The property includes a 100m deep two compartment shaft, an 844m decline allowing access to five levels (50, 70, 90, 110 and 130 metres). On these levels a total of 1700 metres (drifts and cross-cut drifts) were driven. The Rocmec 1 mineralized bodies are well defined by diamond drill holes. The 2010 NI 43-101 report by SGS using a cut-off grade of 3 g/t Au reports Measured and Indicated mineral resources of 570,300 tonnes grading 6.52 g/t (119 500 oz.) and 1,512,400 tonnes Inferred at 7.4 g/t Au (359 600 oz.). Goldminds Geoservices Inc. prepared a geological report on the Boucher structure stating an additional potential tonnage target of 400Kt to 500Kt at a grade between 7 g/t to 15 g/t Au can be expected for metal content. The report is a complement to the existing NI43-101 compliant Technical Report on the Rocmec 1 property (SGS May 13th, 2010). Anuncio • Feb 02
Nippon Dragon Resources Inc. Defendant in Litigation Nippon Dragon Resources Inc. reported that Mr. Donald Brisebois has initiated a lawsuit against Nippon Dragon Resources Inc. for wrongful dismissal and unpaid wages. He is also demanding that the Court issue a sublicense to him allowing him to use a technology which he claims was developed by him in the early 2000s. Nippon Dragon Resources Inc. denies the merits of the demands and allegations of Mr. Brisebois. Reported Earnings • Jan 31
Full year 2020 earnings released: CA$0.016 loss per share (vs CA$0.002 loss in FY 2019) Full year 2020 results: Net loss: CA$2.60m (loss widened CA$2.26m from FY 2019). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Anuncio • Jan 12
Nippon Dragon Resources Inc. Announces Board Changes Nippon Dragon Resources Inc. announced that subsequent to the resignation of board member Mr. Donald Brisebois, Nippon appointed Mr. Frank Guillemette to its Board of Directors. Mr. Guillemette is an entrepreneur specializing in business finance and venture capital with over 20 years' experience. Mr. Guillemette launched his career as an employee of Fonds Régional de Solidarité Nord-du- Québec where he was responsible for managing the company's regional mining portfolio and was accountable for the associated financial duties. Mr. Guillemette has also been working for more than 4 years as a "representative of an exempt market dealer" for a Montreal-based exempt market dealer, EMD Financial Inc. Anuncio • Dec 20
Nippon Dragon Resources Inc. announced that it expects to receive CAD 2 million in funding Nippon Dragon Resources Inc. (TSXV:NIP) announced a non-brokered private placement of flow-through units at a price of CAD 0.05 per unit and hard dollar units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,000,000 on December 18, 2020. Each flow-though unit consists of one flow-through common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of CAD 0.075 for a period of 24 months following the closing of the transaction. Each hard dollar unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of CAD 0.075 for a period of 24 months following the closing of the transaction. The securities issued in the transaction will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The company expects to close the transaction shortly but in any event prior to December 31 , 2020. The transaction is subject to receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. Anuncio • Dec 03
Nippon Dragon Resources Inc. Appoints Nikola Vukovic as Chief Operating Officer Nippon Dragon Resources Inc. announce that current independent board member Mr. Nikola Vukovic has been appointed Chief Operating Officer, a new position within Nippon. Effective immediately, Mr. Vukovic will assume all operational responsibilities for Nippons gold property Rocmec 1. With 30 years in the mining industry, Mr. Vukovic has extensive global experience in a range of mining functions; including projects evaluation, financing, development and operations. He was successful with strategic planning, business development and in implementation of leading business practices for sustainable or event based value creation, re-engineering, optimization and process automation. Prior to joining Nippon, Mr. Vukovic held various senior leadership positions where he budgeted, constructed, commissioned and turned over large capital open pit and underground projects with major mining companies like BHP Billiton, Rio Tinto and Freeport McMoRan. Anuncio • Oct 10
Nippon Dragon Resources Inc. Provides Progress Report as It Moves Forward with the Development of the Rocmec 1 Gold Mine Nippon Dragon Resources Inc. provided a progress report as it moves forward with the development of the Rocmec 1 gold mine. Highlights include: Thermal fragmentation operations have begun on the Talus vein; Development of a raise and a sub-level on level 39 within the Talus mineralized structure starting from level 50; Development of 2 drifts in the mineralized vein on level 50 of the McDowell structure; Employee training on the thermal fragmentation units continues in an accelerated mode. Nippon is turning Rocmec 1 into a dynamic mine through investments in exploration, development, infrastructure and equipment. About the McDowell and Talus veins: The McDowell vein is the longest gold bearing structure on the property. The vein was developed and followed underground on levels 45, 90 and 130 meters. Grades range from 0.03 g/t to 120.00 g/t and widths vary from 0.07 metres to 5.00 metres. The best intersection encountered is 74.65 g/t over 2.34 metres. The Talus vein is probably a secondary sub parallel branch structure to the McDowell vein. Sampling of the vein was conducted in the drift on the 90m level. The actual known extension at depth is 400m. Grades range from 0.03 g/t to 61.58 g/t and widths vary from 0.05 metres to 3.04 metres. The best intersection encountered is 37.02 g/t over 1.22 metres. Rocmec 1 project: The Rocmec 1 project is located in the Dasserat Township, Province of Québec on the shores of the Labyrinthe Lake. It is approximately 35 kilometres west of the town of Rouyn-Noranda and is easily accessible from Route 117 and the frontier gravel road separating Quebec and Ontario and a secondary gravel road to the site. The property was acquired in October 2005, dewatering and rehabilitation of the mine commenced in January 2006. To date, Nippon Dragon has invested approximately $33,000,000 in rehabilitating the property, surface and underground infrastructure, diamond drilling, equipment and drifting. The property includes a 100m deep two compartment shaft, an 844 metre decline allowing access to five levels (50, 70, 90,110 and 130 metres). On these levels a total of 1700 metres (drifts and cross-cut drifts) were driven. The Rocmec 1 mineralized bodies are well defined by diamond drill holes. The 2010 NI 43-101 report by SGS using a cut-off grade of 3 g/t Au reports a Measured and Indicated mineral resources of 570,300 tonnes grading 6.52 g/t (119 500 oz.) and 1,512,400 tonnes Inferred at 7.4 g/t Au (359 600 oz.). 