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Blue Lagoon Resources

CNSX:BLLG
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLLG
CNSX
CA$32M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Blue Lagoon Resources Inc. focuses on the acquisition, exploration, mining, and development of gold and other mineral properties in Canada. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Blue Lagoon Resources has significant price volatility in the past 3 months.
BLLG Share Price and Events
7 Day Returns
4.3%
CNSX:BLLG
3.4%
CA Metals and Mining
1.3%
CA Market
1 Year Returns
-
CNSX:BLLG
22%
CA Metals and Mining
-0.1%
CA Market
BLLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Blue Lagoon Resources (BLLG) 4.3% 117.8% - - - -
CA Metals and Mining 3.4% 1.6% 9.1% 22% -11.7% 0.3%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • No trading data on BLLG.
  • No trading data on BLLG.
Price Volatility
Industry
5yr Volatility vs Market

BLLG Value

 Is Blue Lagoon 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Blue Lagoon Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.98.
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 Blue Lagoon Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Blue Lagoon Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:BLLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in CAD CA$-0.03
CNSX:BLLG Share Price ** CNSX (2019-09-20) in CAD CA$0.98
Canada Metals and Mining Industry PE Ratio Median Figure of 99 Publicly-Listed Metals and Mining Companies 14.39x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

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

** Primary Listing of Blue Lagoon Resources.

CNSX:BLLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:BLLG Share Price ÷ EPS (both in CAD)

= 0.98 ÷ -0.03

-34.45x

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

  • Blue Lagoon Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Blue Lagoon Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Blue Lagoon Resources's expected growth come at a high price?
Raw Data
CNSX:BLLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -34.45x
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 31 Publicly-Listed Metals and Mining Companies 1.06x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*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 Blue Lagoon Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Blue Lagoon Resources's assets?
Raw Data
CNSX:BLLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in CAD CA$0.08
CNSX:BLLG Share Price * CNSX (2019-09-20) in CAD CA$0.98
Canada Metals and Mining Industry PB Ratio Median Figure of 1,098 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:BLLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:BLLG Share Price ÷ Book Value per Share (both in CAD)

= 0.98 ÷ 0.08

12.68x

* Primary Listing of Blue Lagoon Resources.

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

  • Blue Lagoon Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Blue Lagoon 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. Blue Lagoon 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.

BLLG Future Performance

 How is Blue Lagoon 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 Blue Lagoon 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
34.8%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Blue Lagoon Resources expected to grow at an attractive rate?
  • Unable to compare Blue Lagoon Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Blue Lagoon Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Blue Lagoon Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:BLLG Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.8%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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
CNSX:BLLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
CNSX:BLLG Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-05-31 0
2019-02-28 0 0
2018-11-30 0 0
2017-11-30 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Blue Lagoon Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Blue Lagoon 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
CNSX:BLLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Blue Lagoon Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLLG Past Financials Data
Date (Data in CAD Millions) EPS *
2019-05-31 -0.03
2019-02-28 -0.02
2018-11-30 -0.01
2017-11-30

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

Next steps:

  1. Examine Blue Lagoon Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Blue Lagoon 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. Blue Lagoon 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 Blue Lagoon 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.
Blue Lagoon 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.

BLLG Past Performance

  How has Blue Lagoon 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 Blue Lagoon 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.
  • Blue Lagoon Resources does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Blue Lagoon Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Blue Lagoon Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Blue Lagoon 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 Blue Lagoon Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:BLLG Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 -0.11 0.09
2019-02-28 -0.09 0.06
2018-11-30 -0.02 0.02
2017-11-30 0.00

*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 Blue Lagoon Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Blue Lagoon 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 Blue Lagoon Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Blue Lagoon 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.
Blue Lagoon 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.

BLLG Health

 How is Blue Lagoon 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 Blue Lagoon Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Blue Lagoon Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Blue Lagoon Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Blue Lagoon 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.
  • Debt is covered by short term assets, assets are 1092.4x debt.
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 Blue Lagoon Resources Company Filings, last reported 3 months ago.

CNSX:BLLG Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 0.31 0.00 0.30
2019-02-28 0.34 0.00 0.33
2018-11-30 0.36 0.00 0.33
2017-11-30 0.00 0.00 0.00
  • Blue Lagoon Resources's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Blue Lagoon Resources's debt level has increased without past 5-year debt data.
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.

  • Blue Lagoon Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • Blue Lagoon Resources has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 143.1% each year.
X
Financial health checks
We assess Blue Lagoon 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. Blue Lagoon Resources has a total score of 5/6, 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.

BLLG Dividends

 What is Blue Lagoon 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 Blue Lagoon Resources dividends.
If you bought CA$2,000 of Blue Lagoon 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 Blue Lagoon Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Blue Lagoon 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
CNSX:BLLG 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 1.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

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

BLLG Management

 What is the CEO of Blue Lagoon 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
Rana Vig
AGE 56
CEO Bio

Mr. Rana Gurvinder Vig has been Chief Executive Officer of Fireswirl Technologies Inc. since May 2019. Mr. Vig serves as a Director, President and Chief Executive Officer at Blue Lagoon Capital Inc. Mr. Vig is CEO of Blue Lagoon Resources. He is a Director of Lornex Capital Inc. since May 10, 2018. He served as Chief Executive Officer, President and Director of Lead Ventures Inc. (also known as Maccabi Ventures Inc.) since February 2, 2018 and served as its Secretary. Mr. Vig serves as the Chief Executive Officer and Director of Blue Bay Capital Inc. and served as its President since May 2017 until October 2018. He served as Chief Executive Officer of Jinhua Capital Corporation since June 18, 2017 until April 2019. He served as Chief Financial Officer and Corporate Secretary of Jinhua Capital Corporation since June 19, 2017 until April 2019. Mr. Vig served as the Chief Executive Officer and President of Musgrove Minerals Corp. from October 20, 2011 to July 2016. Mr. Vig is a Local Businessman and Publisher of a leading magazine of its industry category. Mr. Vig has business experience during which time he has helped to launch five business ventures in private industry. He is an entrepreneur and has business experience. He served as Chief Executive Officer of Continental Precious Minerals, Inc. from November 19, 2013 to February 1, 2016. Mr. Vig has been involved in the capital markets for six years and during that time has been involved in raising approximately $5M. He served as the Chief Executive Officer and President of RewardStream Solutions Inc. since July 2011. He served as the Chief Executive Officer of Parana Copper Corporation (AAN Ventures Inc.) since November 2012 and served as its President. He served as an Executive Vice President of Corporate Operations at Quantitative Alpha Trading Inc. (formerly RTN Stealth Software Inc.) until October 2010. Mr. Vig has an extensive background in business development, branding, marketing, sales management, public relations and public speaking. He served as the Chairman of Continental Precious Minerals, Inc. from November 19, 2013 to August 4, 2015. He served as the Chairman of Open Learning Agency. He served as Vice Chairman of RewardStream Solutions Inc. since August 2016 until November 17, 2017 and its Director since July 12, 2011 until November 17, 2017. He served as the Vice Chairman at Continental Precious Minerals, Inc. since March 14, 2013. He has been an Independent Director of Avarone Metals Inc. since July 8, 2019. He has been a Director of Fireswirl Technologies Inc. since January 02, 2019. He served as a Director of Jinhua Capital Corporation since June 18, 2017 until April 2019. He serves as a Director of Arris Holdings. He served as a Director of Musgrove Minerals Corp. from July 12, 2011 to July 2016. Mr. Vig served as the President and the Chief Executive Officer of the Specialty Liquid Transportation Corp. from July 11, 2017 to October 31, 2018. He served as a Director of the Specialty Liquid Transportation Corp. from April 11, 2017 to March 20, 2019. He served as a Director of Continental Precious Minerals, Inc. from March 14, 2013 to November 16, 2015. He served as a Director of Global Hemp Group Inc. from January 25, 2011 to February 14, 2013. He served as Director of Parana Copper Corporation since November 23, 2010. He served as a Director of Chimata Gold Corp. from April 4, 2012 to April 14, 2014, Ona Power Corporation since November 30, 2010 and QMI Seismic Inc. since October 16, 2009. He served as a Director of MaxTech Ventures Inc since November 2012. He serves as a Director of Norsemont Capital Inc. and Rockbridge Resources Inc. He served as a Director of Cielo Waste Solutions Corp. from February 2, 2011 to December 9, 2011 and Orofino Minerals Inc. from October 2011 to February 14, 2013. He served as Director of ME Resource Corp. since October 16, 2009. Mr. Vig is very active in numerous charitable and community organizations Acting as Chair, Director and advisor. Mr. Vig has been involved in publicly traded companies since 2010. Mr. Vig is an active Investor. In November 2017, Mr. Vig was invited to the Canadian Senate to receive the Senate 150th Anniversary Medal - which were awarded to top Canadians actively involved in their communities who, through generosity, dedication and hard work, make their hometowns and communities, a better place to live.

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

Rana Vig

TITLE
Director
AGE
56

Carm Marrelli

TITLE
Chief Financial officer
AGE
48
Board of Directors

Rana Vig

TITLE
Director
AGE
56

Norm Brewster

TITLE
Director
AGE
72

Gurdeep Bains

TITLE
Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Blue Lagoon Resources individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
19. Sep 19 Buy Rana Vig Individual 18. Sep 19 18. Sep 19 300,000 CA$1.00 CA$300,000
X
Management checks
We assess Blue Lagoon 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. Blue Lagoon 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.

BLLG News

Simply Wall St News

Do Insiders Own Shares In Blue Lagoon Resources Inc. (CNSX:BLLG)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Blue Lagoon Resources is not a large company by global standards. … View our latest analysis for Blue Lagoon Resources CNSX:BLLG Ownership Summary, August 1st 2019 What Does The Lack Of Institutional Ownership Tell Us About Blue Lagoon Resources? … Insider Ownership Of Blue Lagoon Resources The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

BLLG Company Info

Description

Blue Lagoon Resources Inc. focuses on the acquisition, exploration, mining, and development of gold and other mineral properties in Canada. It has the right to acquire a 100% interest in the Golden Wonder project located in west central British Columbia. The company was formerly known as Blue Lagoon Capital Inc. and changed its name to Blue Lagoon Resources Inc. in December 2018. Blue Lagoon Resources Inc. was incorporated in 2017 and is headquartered in Vancouver, Canada.

Details
Name: Blue Lagoon Resources Inc.
BLLG
Exchange: CNSX
Founded: 2017
CA$31,578,344
32,222,800
Website: http://www.bluelagoonresources.com
Address: Blue Lagoon Resources Inc.
700 West Pender Street,
Suite 610,
Vancouver,
British Columbia, V6C 1G8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX BLLG Common Shares Canadian National Stock Exchange CA CAD 04. Jul 2019
DB 7BL Common Shares Deutsche Boerse AG DE EUR 04. Jul 2019
Number of employees
Current staff
Staff numbers
0
Blue Lagoon Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:55
End of day share price update: 2019/09/20 00:00
Last earnings filing: 2019/07/29
Last earnings reported: 2019/05/31
Last annual earnings reported: 2018/11/30


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.