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True North Gems

TSXV:TGX
Snowflake Description

Worrying balance sheet with weak fundamentals.

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

True North Gems Inc. does not have significant operations. The last earnings update was 113 days ago. More info.


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  • True North Gems has significant price volatility in the past 3 months.
TGX Share Price and Events
7 Day Returns
-13.3%
TSXV:TGX
-1.5%
CA Metals and Mining
0.9%
CA Market
1 Year Returns
-74%
TSXV:TGX
-7%
CA Metals and Mining
1.2%
CA Market
TGX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
True North Gems (TGX) -13.3% 8.3% 30% -74% -99.1% -98.5%
CA Metals and Mining -1.5% 1.3% 9.8% -7% 6.9% -22.5%
CA Market 0.9% 2.3% 12.4% 1.2% 16.1% 5.9%
1 Year Return vs Industry and Market
  • TGX underperformed the Metals and Mining industry which returned -7% over the past year.
  • TGX underperformed the Market in Canada which returned 1.2% over the past year.
Price Volatility
TGX
Industry
5yr Volatility vs Market

Value

 Is True North Gems 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 True North Gems is trading at an attractive price based on the cash flow it is expected to produce in the future. But as True North Gems 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 True North Gems. This is due to cash flow or dividend data being unavailable. The share price is CA$0.13.
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 True North Gems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are True North Gems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:TGX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.57
TSXV:TGX Share Price ** TSXV (2019-03-18) in CAD CA$0.13
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 13.44x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.83x

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

** Primary Listing of True North Gems.

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

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

= 0.13 ÷ -0.57

-0.23x

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

  • True North Gems is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • True North Gems is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does True North Gems's expected growth come at a high price?
Raw Data
TSXV:TGX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.23x
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 252 Publicly-Listed Companies 1.21x

*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 True North Gems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on True North Gems's assets?
Raw Data
TSXV:TGX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$-1.76
TSXV:TGX Share Price * TSXV (2019-03-18) in CAD CA$0.13
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 2,347 Publicly-Listed Companies 1.56x
TSXV:TGX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.13 ÷ -1.76

-0.07x

* Primary Listing of True North Gems.

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

  • True North Gems 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 TGX’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 True North Gems'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 True North Gems'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. True North Gems 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.

Future Performance

 How is True North Gems 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 True North Gems 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
33.3%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is True North Gems expected to grow at an attractive rate?
  • Unable to compare True North Gems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare True North Gems's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare True North Gems's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:TGX Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
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:TGX 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:TGX Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 0 -2
2018-06-30 0 -2
2018-03-31 0 -1
2017-12-31 0 -1
2017-09-30 0 31
2017-06-30 0 -1
2017-03-31 -1 -1
2016-12-31 -1 -1
2016-09-30 -1 -31
2016-06-30 -3 1
2016-03-31 -3 0
2015-12-31 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if True North Gems is high growth as no earnings estimate data is available.
  • Unable to determine if True North Gems 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:TGX 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 True North Gems Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TGX Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.57
2018-06-30 -0.52
2018-03-31 -0.48
2017-12-31 -0.42
2017-09-30 10.17
2017-06-30 -0.24
2017-03-31 -0.27
2016-12-31 -0.22
2016-09-30 -10.13
2016-06-30 0.21
2016-03-31 0.02
2015-12-31 -0.68

*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 True North Gems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of TGX’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. True North Gems'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. True North Gems'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 True North Gems'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.
True North Gems 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.

Past Performance

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

TSXV:TGX 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 -1.75 0.83
2018-06-30 -1.60 0.67
2018-03-31 -1.47 0.53
2017-12-31 -1.30 0.39
2017-09-30 31.30 0.50
2017-06-30 -0.75 0.73
2017-03-31 -0.83 1.00
2016-12-31 -0.66 1.23
2016-09-30 -31.14 0.79
2016-06-30 0.65 0.93
2016-03-31 0.07 1.12
2015-12-31 -2.06 2.22
2015-09-30 -3.99 2.91
2015-06-30 -3.89 2.64
2015-03-31 -3.28 2.28
2014-12-31 -1.61 1.10
2014-09-30 -1.52 1.27
2014-06-30 -1.64 1.39
2014-03-31 -1.77 1.43
2013-12-31 -1.63 1.39
2013-09-30 -1.14 1.00
2013-06-30 -1.03 0.89
2013-03-31 -0.96 0.83
2012-12-31 -1.12 0.95
2012-09-30 -1.56 0.88
2012-06-30 -1.82 1.04
2012-03-31 -1.93 1.13

*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 True North Gems 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 True North Gems 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 True North Gems 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 True North Gems'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.
True North Gems 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.

Health

 How is True North Gems'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 True North Gems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • True North Gems's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • True North Gems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of True North Gems'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.
  • True North Gems 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 True North Gems Company Filings, last reported 5 months ago.

TSXV:TGX Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -5.43 3.49 0.01
2018-06-30 -5.71 3.34 0.03
2018-03-31 -5.43 3.27 0.06
2017-12-31 -4.86 2.93 0.08
2017-09-30 -3.52 2.70 0.09
2017-06-30 -3.32 2.58 0.12
2017-03-31 -0.98 0.09 0.03
2016-12-31 -0.87 0.09 0.16
2016-09-30 -0.54 0.09 0.19
2016-06-30 37.34 3.30 0.32
2016-03-31 38.30 2.97 0.26
2015-12-31 42.69 2.74 1.24
2015-09-30 36.21 1.81 3.49
2015-06-30 29.45 1.50 0.44
2015-03-31 29.54 1.47 0.78
2014-12-31 29.32 1.51 2.35
2014-09-30 24.04 2.41 1.34
2014-06-30 24.34 1.14 0.61
2014-03-31 24.39 0.93 0.89
2013-12-31 22.75 0.89 0.71
2013-09-30 23.13 0.75 1.34
2013-06-30 23.10 0.73 2.34
2013-03-31 20.78 0.57 0.70
2012-12-31 20.93 0.01 0.05
2012-09-30 20.64 0.00 0.12
2012-06-30 20.20 0.03 0.07
2012-03-31 20.38 0.00 0.28
  • True North Gems has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if True North Gems'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.

  • True North Gems has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if True North Gems has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess True North Gems'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. True North Gems 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.

Dividends

 What is True North Gems'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 True North Gems dividends.
If you bought CA$2,000 of True North Gems 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 True North Gems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate True North Gems'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:TGX 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 330 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 True North Gems has not reported any payouts.
  • Unable to verify if True North Gems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of True North Gems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as True North Gems 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 True North Gems'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 True North Gems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. True North Gems 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.

Management

 What is the CEO of True North Gems'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
Andrew Smith
COMPENSATION CA$104,865
AGE 61
TENURE AS CEO 2.1 years
CEO Bio

Mr. Andrew Lee Smith, B.Sc., P.Geo. has been an Interim Chief Executive Officer of True North Gems Inc. since February 20, 2017. Mr. Smith has been an Interim Chief Executive Officer and Interim President at Nickel North Exploration Corp. since June 26, 2014 and has been its Director since July 08, 2014. Mr. Smith serves as the President and Chief Executive Officer of Tigray Resources Inc. Mr. Smith serves as Director at Tigray Resources Inc. since September 23, 2010. He serves as the President and Chief Executive Officer of East Africa Metals Inc. He has been President of Iron Mask Explorations Ltd. since 1998. Mr. Smith served as Chief Executive Officer at Orca Gold Inc. until April 2013. He served as an Advisor of Pure Energy Minerals Limited since March 2010. He also served as President of True North Gems from February 29, 2008 to February 3, 2010. Mr. Smith co-founded True North Gems Inc. in May 2001 and served as its Chief Executive Officer from May 2001 to February 3, 2010. He served as Secretary of True North Gems Inc. Mr. Smith served as the Chief Executive Officer and the President of Canaco Resources Inc. from April 11, 2005 to March 30, 2006. He served as the Chief Executive Officer and President of Cincoro Capital Corp. From October 1989 to March 1998, he served as the Exploration Manager of Aurizon Mines Ltd. Mr. Smith served as the President of Hinterland Metals Inc. since September 26, 2002. He served as President and Chief Executive Officer of Galantas Gold Corp. from April 1, 2004 to February 4, 2005. Mr. Smith served as the President of International Jaguar Equities Inc. from March 1998 to January 2000 and as its Vice-President from January 2000 to June 2001. Mr. Smith joined Aurizon Mines Ltd. in 1985. He served as the Vice President of exploration of Aurizon Mines Ltd until 1998. From 1985 to 1998, while working with a junior mining company, he performed a frontline supervisory role as the Technical Lead for the development of two successful underground, narrow vein mining operations. Mr. Smith served as the Chairman of True North Gems Inc. He served as the Chairman of the Board at Canaco Resources Inc., since March 30, 2006. He has been a Director of East Africa Metals Inc. since December 7, 2012 and of Ultra Lithium Inc since December 3, 2015. He has been a Director at Scorpio Gold Corporation since May 29, 2006 and Daytona Energy Corp. since May 10, 2006. He has been a Director at True North Gems Inc. since May 2001. He serves as a Director of Iron Mask Exploration Ltd. He served as a Director at Resinco Capital Partners Inc. from March 21, 2014 to February 2018. Mr. Smith served as a Director of Discovery Energy Corp. from May 24, 2006 to November 14, 2011. He served as a Director at Golden Share Mining Corporation since June 09, 2010 until July 25, 2013. Mr. Smith served as a Director of Canaco Resources Inc. since August 12, 2004. He served as an Independent Director of Candente Gold Corp. from April 24, 2009 to September 14, 2012. Mr. Smith served as an Independent Director of Candente Copper Corp. since April 7, 2006. He served as a Director of Cincoro Capital Corp. since May 29, 2006. Mr. Smith served as a Director of Hinterland Metals Inc. from September 26, 2002 to June 8, 2007. He served as a Director of Tembo Gold Corp. from January 10, 2006 to June 21, 2007. Mr. Smith served as a Director of Galantas Gold Corp., from April 1, 2004 to February 4, 2005. He served as a Director of International Jaguar Equities Inc. from 1998 to 2001. Mr. Smith served as a Member of the Advisory Board of Douglas Lake Minerals Inc. since August 2, 2006. He served as Director of Canamax Energy Ltd. since May 10, 2006 until July 26, 2011. Mr. Smith is a Professional Geologist. He has over 30 years of experience successfully exploring, developing and operating North American base and precious metal mining projects. Since 1998, he has focused his activities on the corporate development of junior mineral exploration and mining companies. In 1994, he was the co-recipient of the 1994 “Mining Entrepreneur of the Year Award“ presented by the Quebec Prospector's Association for his work overseeing the exploration and development of the Sleeping Giant and Beaufor Gold Projects. He also received in 2009 a 'Distinguished Alumni' Award from the University of Waterloo, Faculty of Science for his contribution to mineral exploration. He was a Fellow of the Geological Association of Canada and the Society of Economic Geologists. Mr. Smith holds a Bachelor of Science Degree in Earth Sciences from the University of Waterloo.

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

Andrew Smith

TITLE
Interim CEO & Director
COMPENSATION
CA$105K
AGE
61
TENURE
2.1 yrs

Jacqueline Tucker

TITLE
Chief Financial Officer
COMPENSATION
CA$60K
AGE
62
TENURE
2.3 yrs

Sherry Siu

TITLE
Secretary
AGE
50

Andrew Fagan

TITLE
Project Manager
Board of Directors Tenure

Average tenure and age of the True North Gems board of directors in years:

6.5
Average Tenure
69
Average Age
  • The tenure for the True North Gems board of directors is about average.
Board of Directors

Andrew Smith

TITLE
Interim CEO & Director
COMPENSATION
CA$105K
AGE
61
TENURE
17.8 yrs

Rock Lee

TITLE
Member of Advisory Board
TENURE
11.3 yrs

Wilson Yuen

TITLE
Member of Advisory Board

Ken Ralfs

TITLE
Director
COMPENSATION
CA$10K
AGE
71
TENURE
1.7 yrs

Glen MacDonald

TITLE
Director
COMPENSATION
CA$10K
AGE
69
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess True North Gems'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. True North Gems 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.

News

Simply Wall St News

Does True North Gems Inc (CVE:TGX) Go Up With The Market?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Breaking Down True North Gems Inc's (CVE:TGX) Ownership Structure

See our latest analysis for True North Gems TSXV:TGX Ownership_summary May 25th 18 Insider Ownership Another important group of shareholders are company insiders. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market. … This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses.

Simply Wall St -

How Does True North Gems Inc (CVE:TGX) Affect Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … TGX's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … How TGX's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.

Simply Wall St -

Who Owns Most Of True North Gems Inc (CVE:TGX)?

In this analysis, my focus will be on developing a perspective on True North Gems Inc’s (TSXV:TGX) latest ownership structure, a less discussed, but important factor. … Check out our latest analysis for True North Gems TSXV:TGX Ownership_summary Feb 13th 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors.

Simply Wall St -

True North Gems Inc (CVE:TGX) And The Basic Materials Sector Outlook 2017

True North Gems Inc (TSXV:TGX), a CADCA$3.40M 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. … Below, I will examine the sector growth prospects, and also determine whether True North Gems is a laggard or leader relative to its basic materials sector peers. … On the stock-level, True North Gems is trading at a lower PE ratio of 0x, making it cheaper than the average metals and mining stock.

Simply Wall St -

Does True North Gems Inc's (CVE:TGX) PE Ratio Signal A Buying Opportunity?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TGX Price per share = CA$0.01 Earnings per share = CA$0.102 ∴ Price-Earnings Ratio = CA$0.01 ÷ CA$0.102 = 0x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … Since TGX's P/E of 0x is lower than its industry peers (11.6x), it means that investors are paying less than they should for each dollar of TGX's earnings.

Simply Wall St -

Company Info

Description

True North Gems Inc. does not have significant operations. It intends to pursue business development opportunities in the resource sector. Previously, it was engaged in the exploration of colored gemstone deposits. True North Gems Inc. was founded in 2001 and is based in Vancouver, Canada.

Details
Name: True North Gems Inc.
TGX
Exchange: TSXV
Founded: 2001
CA$1,765,055
13,577,353
Website: http://www.truenorthgems.com
Address: True North Gems Inc.
1055 West Georgia Street,
Suite 700,
Vancouver,
British Columbia, V6E 3P3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TGX Common Shares TSX Venture Exchange CA CAD 25. Nov 2002
OTCPK TNGM.F Common Shares Pink Sheets LLC US USD 25. Nov 2002
Number of employees
Current staff
Staff numbers
0
True North Gems employees.
Industry
Precious Metals and Minerals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:46
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/26
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.