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Golden Share Resources

TSXV:GSH
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

Golden Share Resources Corporation, a junior natural resource company, engages in the acquisition and exploration of mineral properties in Canada. The last earnings update was 138 days ago. More info.


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  • Golden Share Resources has significant price volatility in the past 3 months.
GSH Share Price and Events
7 Day Returns
27.3%
TSXV:GSH
-0.1%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-36.4%
TSXV:GSH
-7%
CA Metals and Mining
-0.2%
CA Market
GSH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Golden Share Resources (GSH) 27.3% 40% -12.5% -36.4% 40% -6.7%
CA Metals and Mining -0.1% 2.7% 11.6% -7% 7.6% -24.1%
CA Market 0.9% 2.2% 10.5% -0.2% 15.7% 4.9%
1 Year Return vs Industry and Market
  • GSH underperformed the Metals and Mining industry which returned -7% over the past year.
  • GSH underperformed the Market in Canada which returned -0.2% over the past year.
Price Volatility
GSH
Industry
5yr Volatility vs Market

GSH Value

 Is Golden Share 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 Golden Share Resources is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Golden Share 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 Golden Share Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.14.
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 Golden Share Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Golden Share Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:GSH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.02
TSXV:GSH Share Price ** TSXV (2019-03-13) in CAD CA$0.14
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.41x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.84x

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

** Primary Listing of Golden Share Resources.

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

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

= 0.14 ÷ -0.02

-8.91x

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

  • Golden Share Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Golden Share Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Golden Share Resources's expected growth come at a high price?
Raw Data
TSXV:GSH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.91x
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 35 Publicly-Listed Metals and Mining Companies 0.69x
Canada Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.2x

*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 Golden Share Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Golden Share Resources's assets?
Raw Data
TSXV:GSH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.00
TSXV:GSH Share Price * TSXV (2019-03-13) in CAD CA$0.14
Canada Metals and Mining Industry PB Ratio Median Figure of 1,081 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,348 Publicly-Listed Companies 1.57x
TSXV:GSH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.14 ÷ 0.00

-102.79x

* Primary Listing of Golden Share Resources.

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

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

Next steps:

  1. Take a look at our analysis of GSH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. 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 Golden Share Resources's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Metals and Mining industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Golden Share 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. Golden Share 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.

GSH Future Performance

 How is Golden Share 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 Golden Share 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
33.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Golden Share Resources expected to grow at an attractive rate?
  • Unable to compare Golden Share Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Golden Share Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Golden Share Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:GSH Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.4%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.8%

*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:GSH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:GSH Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 0 -1
2018-06-30 0 -1 -1
2018-03-31 0 -1 0
2017-12-31 0 0 0
2017-09-30 0 0 0
2017-06-30 0 -1 0
2017-03-31 0 -1 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -1
2016-06-30 0 0 -1
2016-03-31 0 0 0
2015-12-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Golden Share Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Golden Share 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:GSH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Golden Share Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GSH Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.02
2018-06-30 -0.02
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.02
2016-12-31 -0.02
2016-09-30 -0.02
2016-06-30 -0.02
2016-03-31 -0.01
2015-12-31 -0.02

*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 Golden Share Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of GSH’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Golden Share 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
  3. Golden Share Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Golden Share 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.
Golden Share 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.

GSH Past Performance

  How has Golden Share 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 Golden Share 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.
  • Golden Share Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Golden Share Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Golden Share Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Golden Share 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 Golden Share Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:GSH 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 -0.01 -0.59 0.49
2018-06-30 -0.01 -0.62 0.53
2018-03-31 -0.01 -0.49 0.57
2017-12-31 0.01 -0.44 0.54
2017-09-30 0.02 -0.37 0.61
2017-06-30 0.02 -0.43 0.67
2017-03-31 0.02 -0.63 0.69
2016-12-31 0.01 -0.63 0.67
2016-09-30 -0.15 -0.62 0.49
2016-06-30 -0.15 -0.53 0.40
2016-03-31 0.01 -0.40 0.44
2015-12-31 0.01 -0.43 0.47
2015-09-30 0.16 -0.40 0.55
2015-06-30 0.16 -0.41 0.56
2015-03-31 -0.77 0.77
2014-12-31 -0.96 0.96
2014-09-30 -1.63 1.63
2014-06-30 -6.22 6.15
2014-03-31 -6.06 5.89
2013-12-31 -5.99 5.82
2013-09-30 -6.06 5.89
2013-06-30 -1.63 1.58
2013-03-31 -1.66 1.67
2012-12-31 -1.80 1.80
2012-09-30 -1.50 1.24
2012-06-30 -1.91 1.50
2012-03-31 -1.92 1.52

*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 Golden Share 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 Golden Share 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 Golden Share 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 Golden Share 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.
Golden Share 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.

GSH Health

 How is Golden Share 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 Golden Share Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Golden Share Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Golden Share Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Golden Share 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.
  • Golden Share 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 Golden Share Resources Company Filings, last reported 5 months ago.

TSXV:GSH Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -0.05 0.00 0.00
2018-06-30 0.05 0.00 0.00
2018-03-31 0.17 0.00 0.09
2017-12-31 -0.08 0.00 0.00
2017-09-30 0.04 0.00 0.09
2017-06-30 0.21 0.00 0.20
2017-03-31 0.28 0.00 0.28
2016-12-31 0.34 0.00 0.31
2016-09-30 0.36 0.11 0.50
2016-06-30 -0.04 0.13 0.21
2016-03-31 -0.08 0.10 0.16
2015-12-31 -0.11 0.11 0.16
2015-09-30 -0.14 0.09 0.09
2015-06-30 -0.28 0.20 0.05
2015-03-31 -0.21 0.01 0.02
2014-12-31 -0.10 0.01 0.06
2014-09-30 0.00 0.00 0.10
2014-06-30 0.14 0.00 0.35
2014-03-31 0.05 0.00 0.20
2013-12-31 0.31 0.00 0.41
2013-09-30 0.10 0.01 0.25
2013-06-30 0.76 0.01 0.85
2013-03-31 1.03 0.00 0.82
2012-12-31 1.21 0.06 0.08
2012-09-30 8.14 0.00 0.32
2012-06-30 8.15 0.00 1.32
2012-03-31 6.98 0.00 0.42
  • Golden Share Resources has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Golden Share 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.

  • Golden Share Resources has less than a year of cash runway based on current free cash flow.
  • Golden Share Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.5% each year.
X
Financial health checks
We assess Golden Share 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. Golden Share 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.

GSH Dividends

 What is Golden Share 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 Golden Share Resources dividends.
If you bought CA$2,000 of Golden Share 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 Golden Share Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Golden Share 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:GSH 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 3.6%
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 5.6%

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 Golden Share Resources has not reported any payouts.
  • Unable to verify if Golden Share Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Golden Share Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Golden Share 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 Golden Share 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 Golden Share Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Golden Share 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.

GSH Management

 What is the CEO of Golden Share 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
Nick Zeng
COMPENSATION CA$85,474
TENURE AS CEO 3.8 years
CEO Bio

Mr. Nianqing Zeng, also known as Nick, has been the Chairman, Chief Executive Officer and President of Golden Share Mining Corporation since May 1, 2015. Mr.Zeng serves as the Chief Executive Officer and President of Keystone Associates Inc. Mr. Zeng serves as Chief Executive Officer and President of China Mining of Canada Corp. Mr. Zeng has over 15 years of experience as an entrepreneur with businesses operating in Canada, the United States and China. He has been involved in the mining industry for many years serving as a mining investment consultant in China and Canada. He serves as a Director of China Mining of Canada Corp., Keystone Associates Inc., China Metallurgical Corp. and Sino Minerals Corp., and an Executive Director of the China Mining Association of Canada. He has been an Independent Director of Murgor Resources Inc., since March 4, 2010. He served as a Director at Silvore Fox Minerals Corp. since February 10, 2010 until July 25, 2013. He serves as a Director of Sino Minerals Corp. He is a featured speaker at many mining conferences, including the annual convention of the Prospectors and Developers Association of Canada. Mr. Zeng holds a Bachelor of Science degree in Polymer Science from Chengdu University of Science and Technology.

CEO Compensation
  • Nick's compensation has increased whilst company is loss making.
  • Nick's remuneration is lower than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Golden Share Resources management team in years:

2.7
Average Tenure
  • The tenure for the Golden Share Resources management team is about average.
Management Team

Nick Zeng

TITLE
Chairman
COMPENSATION
CA$85K
TENURE
3.8 yrs

Fleming Huang

TITLE
Chief Financial Officer
COMPENSATION
CA$53K
TENURE
1.6 yrs

Zhenquan Gao

TITLE
Vice President of Exploration
TENURE
9.1 yrs

Steve Vaughan

TITLE
Principal Advisor
TENURE
1.4 yrs
Board of Directors Tenure

Average tenure of the Golden Share Resources board of directors in years:

3.8
Average Tenure
  • The tenure for the Golden Share Resources board of directors is about average.
Board of Directors

Nick Zeng

TITLE
Chairman
COMPENSATION
CA$85K
TENURE
3.8 yrs

Zhen Huang

TITLE
Director
COMPENSATION
CA$13K
TENURE
3.8 yrs

David Graham

TITLE
Director
COMPENSATION
CA$13K
TENURE
3.8 yrs

Steve Vaughan

TITLE
Principal Advisor
TENURE
1.4 yrs

Wes Roberts

TITLE
Director
COMPENSATION
CA$12K
AGE
60
TENURE
3.8 yrs

Bing Yang

TITLE
Principal Adviser
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Golden Share Resources insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
11. Feb 19 Buy Nianqing Zeng Individual 07. Feb 19 07. Feb 19 6,000 CA$0.10 CA$630
28. Dec 18 Buy Nianqing Zeng Individual 27. Dec 18 27. Dec 18 370,000 CA$0.17 CA$62,160
23. Nov 18 Buy Nianqing Zeng Individual 23. Nov 18 23. Nov 18 5,000 CA$0.13 CA$650
08. Nov 18 Buy Nianqing Zeng Individual 07. Nov 18 07. Nov 18 10,000 CA$0.10 CA$986
01. Nov 18 Sell Sinotech Minerals Exploration Co., Ltd. Company 01. Nov 18 01. Nov 18 -4,345,251 CA$0.17 CA$-730,003
30. Oct 18 Buy Nianqing Zeng Individual 30. Oct 18 30. Oct 18 8,000 CA$0.10 CA$840
19. Oct 18 Sell Nianqing Zeng Individual 19. Oct 18 19. Oct 18 -50,000 CA$0.11 CA$-5,500
19. Oct 18 Buy Nianqing Zeng Individual 19. Oct 18 19. Oct 18 50,000 CA$0.11 CA$5,500
13. Oct 18 Buy Christian Guilbaud Individual 12. Oct 18 12. Oct 18 10,000 CA$0.09 CA$900
28. Sep 18 Buy Nianqing Zeng Individual 28. Sep 18 28. Sep 18 4,000 CA$0.13 CA$500
18. Sep 18 Buy Christian Guilbaud Individual 14. Sep 18 14. Sep 18 20,000 CA$0.12 CA$2,300
12. Jul 18 Buy Nianqing Zeng Individual 11. Jul 18 11. Jul 18 2,000 CA$0.17 CA$340
09. Jul 18 Buy Christian Guilbaud Individual 03. Jul 18 03. Jul 18 10,000 CA$0.14 CA$1,450
05. Jul 18 Buy Nianqing Zeng Individual 05. Jul 18 05. Jul 18 8,000 CA$0.16 CA$1,280
28. May 18 Buy Christian Guilbaud Individual 22. May 18 22. May 18 3,000 CA$0.19 CA$570
15. May 18 Buy Nianqing Zeng Individual 11. May 18 11. May 18 2,000 CA$0.23 CA$460
14. May 18 Buy Christian Guilbaud Individual 11. May 18 11. May 18 7,000 CA$0.20 CA$1,380
27. Apr 18 Buy Nianqing Zeng Individual 25. Apr 18 25. Apr 18 3,000 CA$0.25 CA$735
24. Apr 18 Buy Nianqing Zeng Individual 20. Apr 18 20. Apr 18 3,000 CA$0.24 CA$720
X
Management checks
We assess Golden Share 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. Golden Share 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.

GSH News

Simply Wall St News

What Investors Should Know About Golden Share Resources Corporation's (CVE:GSH) Financial Strength

Golden Share Resources Corporation (CVE:GSH), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is GSH right in choosing financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

GSH Company Info

Description

Golden Share Resources Corporation, a junior natural resource company, engages in the acquisition and exploration of mineral properties in Canada. It primarily explores for gold, silver, zinc, and lead deposits. The company holds a 75% interest in the Berens River project located to the north of Red Lake in northwestern Ontario; and a 100% interest in the Band-Ore project located to the west of the town of Thunder Bay in the province of Ontario. It also holds 100% interests in the Ogoki and Kagiami projects located in the James Bay Lowlands of Ontario; and 100% interest in the Sandridge Project located in Thunder Bay, Ontario. The company was formerly known as Golden Share Mining Corporation and changed its name to Golden Share Resources Corporation in June 2017. Golden Share Resources Corporation has a strategic cooperation agreement with Joysun New Energy Co., Ltd. The company is based in Markham, Canada.

Details
Name: Golden Share Resources Corporation
GSH
Exchange: TSXV
Founded:
CA$5,406,988
38,621,345
Website: http://www.goldenshare.ca
Address: Golden Share Resources Corporation
145 Riviera Drive,
Unit 7,
Markham,
Ontario, L3R 5J6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV GSH Common Shares TSX Venture Exchange CA CAD 09. Aug 2013
OTCPK GLDM.F Common Shares Pink Sheets LLC US USD 09. Aug 2013
Number of employees
Current staff
Staff numbers
0
Golden Share Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 00:32
End of day share price update: 2019/03/13 00:00
Last earnings filing: 2018/10/31
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.