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Black Isle Resources

TSXV:BIT
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BIT
TSXV
CA$647K
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Black Isle Resources Corp., a natural resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the United States and Canada. The last earnings update was 91 days ago. More info.


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BIT Share Price and Events
7 Day Returns
0%
TSXV:BIT
-0.3%
CA Metals and Mining
0.4%
CA Market
1 Year Returns
14.3%
TSXV:BIT
-3.6%
CA Metals and Mining
1.3%
CA Market
BIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Black Isle Resources (BIT) 0% 0% 0% 14.3% 14.3% 60%
CA Metals and Mining -0.3% 7.6% 17.1% -3.6% 19.5% -25.4%
CA Market 0.4% 4.3% 5.5% 1.3% 21.1% 5.2%
1 Year Return vs Industry and Market
  • BIT outperformed the Metals and Mining industry which returned -3.6% over the past year.
  • BIT outperformed the Market in Canada which returned 1.3% over the past year.
Price Volatility
BIT
Industry
5yr Volatility vs Market

BIT Value

 Is Black Isle Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Black Isle Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Black Isle Resources has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Black Isle Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.04.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Black Isle Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Black Isle Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:BIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.01
TSXV:BIT Share Price ** TSXV (2018-11-30) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 118 Publicly-Listed Metals and Mining Companies 11.83x
Canada Market PE Ratio Median Figure of 546 Publicly-Listed Companies 14.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Black Isle Resources.

TSXV:BIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:BIT Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.01

-3.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Isle Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Black Isle Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Black Isle Resources's expected growth come at a high price?
Raw Data
TSXV:BIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 39 Publicly-Listed Metals and Mining Companies 0.62x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Black Isle Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Black Isle Resources's assets?
Raw Data
TSXV:BIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-0.01
TSXV:BIT Share Price * TSXV (2018-11-30) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,079 Publicly-Listed Metals and Mining Companies 1.42x
Canada Market PB Ratio Median Figure of 2,335 Publicly-Listed Companies 1.57x
TSXV:BIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:BIT Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ -0.01

-4.06x

* Primary Listing of Black Isle Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Black Isle Resources has negative assets, we can't compare the value of its assets to the CA Metals and Mining industry average.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the potential returns from the core activities, the size of each contract's opportunity, and the capacity of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Black Isle Resources's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Metals and Mining industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Black Isle Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Black Isle Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BIT Future Performance

 How is Black Isle Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Black Isle Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
39%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Black Isle Resources expected to grow at an attractive rate?
  • Unable to compare Black Isle Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Black Isle Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Black Isle Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:BIT Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 39%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 18.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:BIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:BIT Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -0 -0
2018-06-30 -0 -0
2018-03-31 0 -0
2017-12-31 0 -0
2017-09-30 -0 -0
2017-06-30 -0 -0
2017-03-31 -0 -0
2016-12-31 -0 -0
2016-09-30 -0 -0
2016-06-30 -0 -0
2016-03-31 -0 -0
2015-12-31 -0 -0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Black Isle Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Black Isle Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:BIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Black Isle Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BIT Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.00
2017-06-30 -0.00
2017-03-31 -0.00
2016-12-31 -0.00
2016-09-30 -0.00
2016-06-30 -0.00
2016-03-31 -0.01
2015-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Black Isle Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Black Isle Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  2. Black Isle Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Black Isle Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Black Isle Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BIT Past Performance

  How has Black Isle Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Black Isle Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Black Isle Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Black Isle Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Black Isle Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Black Isle Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Black Isle Resources Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:BIT Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -0.21 0.08
2018-06-30 -0.19 0.06
2018-03-31 -0.16 0.02
2017-12-31 -0.15 0.02
2017-09-30 -0.06 0.01
2017-06-30 -0.07 0.02
2017-03-31 -0.07 0.02
2016-12-31 -0.08 0.02
2016-09-30 -0.04 0.02
2016-06-30 -0.04 0.02
2016-03-31 -0.08 0.03
2015-12-31 -0.09 0.03
2015-09-30 -0.12 0.04
2015-06-30 -0.12 0.03
2015-03-31 -0.09 0.05
2014-12-31 -0.13 0.08
2014-09-30 -0.12 0.10
2014-06-30 -0.14 0.13
2014-03-31 0.06 0.14
2013-12-31 0.06 0.15
2013-09-30 0.06 0.15
2013-06-30 0.06 0.15
2013-03-31 -0.16 0.15
2012-12-31 -0.15 0.14
2012-09-30 -0.16 0.14
2012-06-30 -0.14 0.14
2012-03-31 -0.16 0.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Black Isle Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Black Isle Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Black Isle Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Black Isle Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Black Isle Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BIT Health

 How is Black Isle Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Black Isle Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Black Isle Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Black Isle Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Black Isle Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Black Isle Resources has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Black Isle Resources Company Filings, last reported 4 months ago.

TSXV:BIT Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.16 0.04 0.00
2018-06-30 -0.13 0.04 0.01
2018-03-31 -0.10 0.00 0.01
2017-12-31 -0.09 0.02 0.00
2017-09-30 0.05 0.02 0.00
2017-06-30 0.05 0.01 0.00
2017-03-31 0.06 0.00 0.00
2016-12-31 0.06 0.02 0.00
2016-09-30 0.11 0.00 0.00
2016-06-30 0.11 0.00 0.03
2016-03-31 0.09 0.01 0.03
2015-12-31 0.06 0.00 0.02
2015-09-30 0.07 0.00 0.02
2015-06-30 0.08 0.00 0.05
2015-03-31 0.12 0.00 0.07
2014-12-31 0.12 0.00 0.11
2014-09-30 0.16 0.00 0.14
2014-06-30 0.18 0.00 0.17
2014-03-31 -0.15 0.00 0.18
2013-12-31 -0.10 0.00 0.20
2013-09-30 -0.07 0.00 0.21
2013-06-30 -0.03 0.00 0.21
2013-03-31 -0.21 0.00 0.01
2012-12-31 -0.16 0.00 0.02
2012-09-30 -0.12 0.00 0.03
2012-06-30 -0.09 0.00 0.05
2012-03-31 -0.05 0.00 0.06
  • Black Isle Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Black Isle Resources's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Black Isle Resources has less than a year of cash runway based on current free cash flow.
  • Black Isle Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -74.1% each year.
X
Financial health checks
We assess Black Isle Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Black Isle Resources has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BIT Dividends

 What is Black Isle Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Black Isle Resources dividends.
If you bought CA$2,000 of Black Isle Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Black Isle Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Black Isle Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:BIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Black Isle Resources has not reported any payouts.
  • Unable to verify if Black Isle Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Black Isle Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Black Isle Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Black Isle Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Black Isle Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Black Isle Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BIT Management

 What is the CEO of Black Isle Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Eugene Beukman
AGE 60
TENURE AS CEO 0.7 years
CEO Bio

Mr. Eugene Beukman has been Chief Executive Officer of Kaneh Bosm BioTechnology Inc. since June 2018. He has been Company Secretary of Black Isle Resources Corporation since July 16, 2018 and has been its Chief Executive Officer since June 01, 2018. Mr. Beukman has been Corporate Secretary at Resinco Capital Partners Inc. since January 2018. He has been Corporate Secretary of BluKnight Aquafarms Inc. since July 2017. Mr. Beukman has been the President of Orofino Minerals Inc. since April 2013. He has been the Chief Financial Officer and Corporate Secretary of Range Energy Resources Inc. since October 6, 2014. He serves the Chief Executive Officer and President of Oriental Non-Ferrous Resources Development Inc. He has been the Chief Financial Officer of Lincoln Mining Corporation since March 1, 2014 and Slam Exploration Ltd. since July 24, 2013. He has been Vice President of Administration and Secretary of Burnstone Ventures Inc. since November 30, 1998 and has been its Chief Financial Officer since March 7, 2014. Mr. Beukman has been the Corporate Counsel of the Pender Group of Companies since January 1994. He is President/Owner of Pender Street Corporate Consulting Ltd. He has been the Chief Executive Officer of Bard Ventures Ltd. since October 25, 1996 and has been its President since March 1, 1996. He has been Corporate Secretary of 1040426 B C Ltd since July 17, 2017. He has been Corporate Consultant to public companies since January 1994. He has been the Chief Executive Officer and President of La Jolla Capital Inc. since June 13, 2015 and has been its President since June 17, 2015. He served as Chief Executive Officer, Secretary and Director at 1040433 B.C. Ltd. since June 21, 2017 until September 13, 2017. He served as the Chief Financial Officer of GAR Limited since September 27, 2017 until November 28, 2017. He served as President, Chief Executive Officer and Secretary at eXeBlock Technology Corporation since June 21, 2017 until September 13, 2017 and served as its Director since June 19, 2017 until September 14, 2017. Mr. Beukman served as the Chief Executive Officer and President of Emerge Resources Corp. since March 18, 2015. He served as Chief Executive Officer of Grand Peak Capital Corp. since May 22, 2015. Mr. Beukman served as the Chief Executive Officer of Orofino Minerals Inc. since April 2013. He served as the President and Chief Executive Officer of Mag One Products Inc. (formerly, Acana Capital Corp). He served as Chief Executive Officer of International Cobalt Corp. (Brakpan Ventures Corp.) from April 28, 2015 to March 22, 2017 and served as its President from November 7, 2014 to March 22, 2017. He served as Chief Financial Officer of International Cobalt Corp. from April 28, 2015 to March 8, 2016. He served as the Chief Financial Officer of Golden Band Resources Inc. from April 7, 2015 to April 15, 2016. He served as an Interim Chief Financial Officer of Range Energy Resources Inc. from July 9, 2013 to October 6, 2014. He served as the President and Chief Executive Officer of Emerge Resources Corp. from October 28, 2009 to September 4, 2013. He served as the Chief Executive Officer of Acana Capital Corp. He has over thirty years experience in the acquisition of assets and joint ventures and in negotiating prospecting and option agreements. He served as the Corporate Counsel of D.S. Management Ltd. since January 1994. He served as Chief Financial Officer of Hawkstone Energy Corp. until February 7, 2007. He is secretary of International Cobalt Corp. He served as the Chief Executive Officer and President of Desert Gold Ventures Inc. from March 28, 2006 to September 3, 2010. He served as an Executive Officer of Kraken Sonar Inc. He served as Consultant for several TSX Venture and Toronto Stock Exchange-listed companies namely, Bard Ventures Ltd., Eurocontrol Technics Group, Inc., Burnstone Ventures Inc. and TML Ventures Inc. He served as Property Portfolio Manager for Pure Gold. He served as the Chief Financial Officer at Range Energy Resources Inc. until February 7, 2007. He served as Chief Executive Officer and President of Avion Gold Corporation from May 18, 2006 to March 14, 2007. After practicing as a lawyer, he served as Legal Advisor to the predecessor of BHP Billiton/Billiton Limited from 1987 to December 1993. Prior thereto, he served as a Legal Adviser to Gencor Limited since January 1989 and a Director and/or officer of several other reporting companies. He serves the Chairman of Oriental Non-Ferrous Resources Development Inc. and has been its Director since October 2, 2015. He has been Director of Black Isle Resources Corporation since May 16, 2018. He serves as a Director of Pender Street Corporate Consulting Ltd. Mr. Beukman has been a Non Independent Director at Slam Exploration Ltd. since July 24, 2013. He has been a Director of 1040426 B C Ltd since July 2017. He has been an Independent Director of Even Technologies Inc. since March 2, 1999. He has been a Director of Bard Ventures Ltd., since March 1, 1996; Emerge Resources Corp. since October 28, 2009 and Burnstone Ventures Inc., since November 13, 1997. He is a Director of Kaneh Bosm BioTechnology Inc. since April 2018. He has been a Director of Low Carbon Technologies International Inc. since August 20, 2008, International Cobalt Corp. since April 28, 2015, La Jolla Capital Inc. since June 17, 2015, BluKnight Aquafarms Inc. since July 2017 and LCTI. He served as a Director of GAR Limited since September 27, 2017 until November 28, 2017. He served as a Director of Orofino Minerals Inc. since February 14, 2013 until March 11, 2016. He served as a Director of Grand Peak Capital Corp. since 2012 until May 13, 2016 and previously served as its Director since 2011. He served as an Independent Director of Parana Copper Corporation (alternate name, AAN Ventures Inc.) since April 2013. He served as a Director of Desert Gold Ventures Inc. from December 1, 2003 to November 28, 2011. Mr. Beukman served as an Executive Director of Range Energy Resources Inc. since March 1, 2005. He served as a Director of Innovative Properties Inc. from 2012 to May 22, 2015 and Mag One Products Inc. since September 30, 2011. He served as a Director of MaxTech Ventures Inc. from January 3, 2006 to May 22, 2007; EnCap Investments Inc. since August 20, 2008 and Cavan Ventures Inc. until August 8, 2008. He served as a Director of Anergy Capital Inc. since October 10, 2008. He served as a Director of Eurocontrol Technics Inc. Mr. Beukman served as a Director of Alta Natural Herbs & Supplements Ltd. from November 15, 2013 to September 29, 2015. He served as an Executive Director of Hawkstone Energy Corp. since March 1, 2005 and Avion Gold Corporation from May 18, 2006 to March 14, 2007. He served as a Director of Eurocontrol Technics Group Inc. from January 3, 2006 to December 1, 2005; Coastal Gold Corp. and Vanguard Technologies Inc. Mr. Beukman is an Admitted Advocate of the Supreme Court of South Africa. He hold

CEO Compensation
  • Insufficient data for Eugene to compare compensation growth.
  • Insufficient data for Eugene to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team

Eugene Beukman

TITLE
CEO, Company Secretary & Director
AGE
60
TENURE
0.7 yrs

Joel Dumaresq

TITLE
CFO & Director
AGE
52
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Black Isle Resources board of directors in years:

0.7
Average Tenure
52
Average Age
  • The average tenure for the Black Isle Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Eugene Beukman

TITLE
CEO, Company Secretary & Director
AGE
60
TENURE
0.8 yrs

Joel Dumaresq

TITLE
CFO & Director
AGE
52
TENURE
0.8 yrs

Magic Lis

TITLE
Director
TENURE
0.6 yrs

Troy Grant

TITLE
Director
AGE
44
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Mar 18 Sell Glencoe-MacDonald Holdings Ltd Company 27. Mar 18 27. Mar 18 -4,092,264 CA$0.03 CA$-102,309
28. Mar 18 Sell Donald MacDonald Individual 27. Mar 18 27. Mar 18 -365,735 CA$0.03 CA$-9,144
27. Mar 18 Sell Marion McGrath Individual 23. Mar 18 23. Mar 18 -2,864,000 CA$0.02 CA$-71,598
X
Management checks
We assess Black Isle Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Black Isle Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BIT News

Simply Wall St News

Why You Need To Look At This Factor Before Buying Black Isle Resources Corp (CVE:BIT)

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

How Does Investing In Black Isle Resources Corp (CVE:BIT) Impact Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Black Isle Resources has a beta of 1.02, which means that the percentage change in its stock value will be higher than the entire market in times of booms and busts. … A high level of beta means investors face higher risk associated with potential gains and losses driven by market movements.

Simply Wall St -

TSXV Basic Materials Industry: A Deep Dive Into Black Isle Resources Corp (CVE:BIT)

Black Isle Resources Corp (TSXV:BIT), a CA$566.36K small-cap, is a metals and mining operating in an industry which is sensitive to changes in the business cycle, as it supplies materials for construction activities. … Check out our latest analysis for Black Isle Resources What’s the catalyst for Black Isle Resources's sector growth? … Black Isle Resources lags the pack with its negative growth rate of -50.40% over the past year, which indicates the company will be growing at a slower pace than its metals and mining peers.

Simply Wall St -

Who Owns Black Isle Resources Corp (CVE:BIT)?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for Black Isle Resources TSXV:BIT Ownership_summary Dec 31st 17 Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … BIT insiders hold a significant stake of 20.58% in the company.

Simply Wall St -

What Investors Should Know About Black Isle Resources Corp's (CVE:BIT) Financial Strength

How does BIT’s operating cash flow stack up against its debt? … At its current level of cash flow coverage, BIT has room for improvement to better cushion for events which may require debt repayment. … BIT's large debt ratio along with low cash coverage of debt as well as low liquidity coverage of near-term obligations may scare some investors away intially.

Simply Wall St -

BIT Company Info

Map
Description

Black Isle Resources Corp., a natural resource company, engages in the acquisition, exploration, and evaluation of mineral properties in the United States and Canada. The company was formerly known as Luzon Minerals Ltd. and changed its name to Black Isle Resources Corp. in January 2010. Black Isle Resources Corp. is based in Vancouver, Canada.

Details
Name: Black Isle Resources Corp.
BIT
Exchange: TSXV
Founded:
CA$647,272
16,181,824
Website: http://
Address: Black Isle Resources Corp.
789 West Pender Street,
Suite 810,
Vancouver,
British Columbia, V6C 1H2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV BIT Common Shares TSX Venture Exchange CA CAD 06. Jul 1989
OTCPK BLAI.F Common Shares Pink Sheets LLC US USD 06. Jul 1989
Number of employees
Current staff
Staff numbers
0
Black Isle Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/28 01:13
End of day share price update: 2018/11/30 00:00
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.