Alan Gorman - Oceanic Iron CEO and Pres

FEOVF Stock  USD 0.06  0.02  50.00%   

CEO

Mr. Alan Peter Francis Gorman serves as President, Chief Executive Officer of the Company. He was President, Chief Executive Officer, Chief Operating Officer of Oceanic Iron Ore Corporationration He was appointed as President of the Company, effective September 24, 2012 since 2017.
Tenure 7 years
Phone604-566-9080
Webhttps://www.oceanicironore.com
Gorman has 30 years of operations and technical experience with mining companies and projects, both in Canada and internationally. He was involved with, led or managed projects and mining operations for both intermediate and senior mining companies, and has experience operating in northern and Arctic environments. Prior to joining Oceanic, Mr. Gorman was Executive Vice President of Operations for Goldbrook Ventures Inc. until Goldbrook was acquired in a takeover bid by Jilin Jien Nickel Industry Co. Prior to his tenure at Goldbrook, Mr. Gorman was Vice President of Operations for Jien Canada Mining Ltd Nunavik Nickel Project, as well as Operations Manager for Baffinland Iron Mines Corporationrationrationbefore it was acquired by ArcelorMittal.

Oceanic Iron Management Efficiency

Oceanic Iron's management efficiency ratios could be used to measure how well Oceanic Iron manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 1.94 M in total debt with debt to equity ratio (D/E) of 0.08, which may suggest the company is not taking enough advantage from borrowing. Oceanic Iron Ore has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Oceanic Iron until it has trouble settling it off, either with new capital or with free cash flow. So, Oceanic Iron's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Oceanic Iron Ore sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Oceanic to invest in growth at high rates of return. When we think about Oceanic Iron's use of debt, we should always consider it together with cash and equity.

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Oceanic Iron Ore Corp., an exploration stage company, acquires and explores for iron ore properties in Qubec, Canada. Oceanic Iron Ore Corp. was incorporated in 1986 and is headquartered in Vancouver, Canada. Oceanic Iron operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange. Oceanic Iron Ore [FEOVF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

Oceanic Iron Ore Leadership Team

Elected by the shareholders, the Oceanic Iron's board of directors comprises two types of representatives: Oceanic Iron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oceanic. The board's role is to monitor Oceanic Iron's management team and ensure that shareholders' interests are well served. Oceanic Iron's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oceanic Iron's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bing Pan, Interim Officer
Alan Gorman, CEO and Pres
Steven Dean, Independent Chairman of the Board, CEO
John Reynolds, Independent Director
Jean Martel, Director
Eddy Geo, Director Exploration
AUSIMM CIM, Ex Chairman
Haijing Zhu, Director
Gordon Keep, Director, Member of Audit Committee, Member of Compensation Committee and Member of Nominating and Corporate Governance Committee
Christopher Batalha, CFO, Corporate Secretary
Cathy Chan, Director
Irfan Shariff, Advisor

Oceanic Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Oceanic Iron a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Oceanic Iron's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oceanic Iron is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanic Iron's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.