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Mistango River Resources

CNSX:MIS
Snowflake Description

Flawless balance sheet with acceptable track record.

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

Mistango River Resources Inc. engages in the acquisition and exploration of mineral properties in Canada. The last earnings update was 22 days ago. More info.


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  • Mistango River Resources has significant price volatility in the past 3 months.
MIS Share Price and Events
7 Day Returns
-33.3%
CNSX:MIS
-0.4%
CA Metals and Mining
1.2%
CA Market
1 Year Returns
-42.9%
CNSX:MIS
18.6%
CA Metals and Mining
-0.4%
CA Market
MIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mistango River Resources (MIS) -33.3% -20% - -42.9% 33.3% -
CA Metals and Mining -0.4% -0.5% 6.3% 18.6% -15.9% -3.2%
CA Market 1.2% 3.3% 0.8% -0.4% 7.4% 4.5%
1 Year Return vs Industry and Market
  • MIS underperformed the Metals and Mining industry which returned 18.6% over the past year.
  • MIS underperformed the Market in Canada which returned -0.4% over the past year.
Price Volatility
MIS
Industry
5yr Volatility vs Market

Value

 Is Mistango River 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
Here we compare the current share price of Mistango River Resources to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mistango River Resources.

CNSX:MIS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for CNSX:MIS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.001 (1 + (1- 26.5%) (0%))
1.001
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.001 * 5.96%)
7.91%

Discounted Cash Flow Calculation for CNSX:MIS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mistango River Resources is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

CNSX:MIS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.91%)
2020 0.00 Est @ -48.39% 0.00
2021 0.00 Est @ -33.29% 0.00
2022 0.00 Est @ -22.72% 0.00
2023 0.00 Est @ -15.32% 0.00
2024 0.00 Est @ -10.14% 0.00
2025 0.00 Est @ -6.51% 0.00
2026 0.00 Est @ -3.98% 0.00
2027 0.00 Est @ -2.2% 0.00
2028 0.00 Est @ -0.96% 0.00
2029 0.00 Est @ -0.08% 0.00
Present value of next 10 years cash flows CA$0.00
CNSX:MIS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$0.00 × (1 + 1.95%) ÷ (7.91% – 1.95%)
CA$0.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$0.03 ÷ (1 + 7.91%)10
CA$0.01
CNSX:MIS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$0.00 + CA$0.01
CA$0.01
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$0.01 / 54.36
CA$0
CNSX:MIS Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$0.00
Current discount Discount to share price of CA$0.02
= -1 x (CA$0.02 - CA$0.00) / CA$0.00
-8085.6%

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

  • The current share price of Mistango River Resources is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Mistango River Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mistango River Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:MIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CAD CA$0.01
CNSX:MIS Share Price ** CNSX (2019-09-19) in CAD CA$0.02
Canada Metals and Mining Industry PE Ratio Median Figure of 100 Publicly-Listed Metals and Mining Companies 13.9x
Canada Market PE Ratio Median Figure of 540 Publicly-Listed Companies 14.11x

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

** Primary Listing of Mistango River Resources.

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

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

= 0.02 ÷ 0.01

2.91x

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

  • Mistango River Resources is good value based on earnings compared to the CA Metals and Mining industry average.
  • Mistango River Resources is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Mistango River Resources's expected growth come at a high price?
Raw Data
CNSX:MIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.91x
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 32 Publicly-Listed Metals and Mining Companies 0.98x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 0.95x

*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 Mistango River Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mistango River Resources's assets?
Raw Data
CNSX:MIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CAD CA$0.01
CNSX:MIS Share Price * CNSX (2019-09-19) in CAD CA$0.02
Canada Metals and Mining Industry PB Ratio Median Figure of 1,097 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,454 Publicly-Listed Companies 1.44x
CNSX:MIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.02 ÷ 0.01

2.57x

* Primary Listing of Mistango River Resources.

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

  • Mistango River Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Mistango River 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. Mistango River Resources has a total score of 2/6, 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 Mistango River 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 Mistango River 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
34.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mistango River Resources expected to grow at an attractive rate?
  • Unable to compare Mistango River Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mistango River Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Mistango River Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:MIS Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 34.6%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:MIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:MIS Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 0
2019-03-31 0 0
2018-12-31 0 0
2018-09-30 0 0
2018-06-30 0 0
2018-03-31 0 0
2017-12-31 0 0
2017-09-30 0 0
2017-06-30 0 0
2017-03-31 0 0
2016-12-31 1 0
2016-09-30 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mistango River Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Mistango River 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:MIS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mistango River Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MIS Past Financials Data
Date (Data in CAD Millions) EPS *
2019-06-30 0.01
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01

*GAAP earnings excluding extraordinary items.

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

Next steps:

  1. Examine Mistango River 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. Mistango River 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. Mistango River 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 Mistango River 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.
Mistango River 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.

Past Performance

  How has Mistango River 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 Mistango River 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.
  • Mistango River Resources's year on year earnings growth rate has been positive over the past 5 years.
  • Mistango River Resources has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Mistango River Resources has become profitable in the last year making it difficult to compare the CA Metals and Mining industry average.
Earnings and Revenue History
Mistango River 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 Mistango River Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:MIS Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.26 0.29
2019-03-31 0.02 0.35
2018-12-31 -0.03 0.40
2018-09-30 -0.46 0.46
2018-06-30 -0.47 0.44
2018-03-31 -0.38 0.40
2017-12-31 -0.33 0.36
2017-09-30 -0.28 -0.41
2017-06-30 0.45 -0.44
2017-03-31 0.42 -0.46
2016-12-31 0.44 -0.48
2016-09-30 0.37 0.22
2016-06-30 -0.40 0.30
2016-03-31 -0.51 0.40
2015-12-31 -0.57 0.47
2015-09-30 -0.66 0.61
2015-06-30 -0.72 0.61
2015-03-31 -0.70 0.60
2014-12-31 -0.67 0.58
2014-09-30 -0.70 0.61
2014-06-30 0.68 -0.71
2014-03-31 0.66 -0.67
2013-12-31 0.28 -0.26
2013-09-30 -0.08 0.20
2013-06-30 -1.89 2.08
2013-03-31 -2.34 2.51
2012-12-31 -2.81 2.99
2012-09-30 -3.66 3.53

*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.
  • Mistango River Resources made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Mistango River Resources used its assets more efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
  • It is difficult to establish if Mistango River 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 Mistango River 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.
Mistango River Resources has a total score of 3/6, 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 Mistango River 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 Mistango River Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mistango River Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mistango River Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mistango River 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.
  • Mistango River Resources has no debt, it does not need to be 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 Mistango River Resources Company Filings, last reported 2 months ago.

CNSX:MIS Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 0.43 0.00 0.47
2019-03-31 -0.01 0.00 0.01
2018-12-31 0.07 0.00 0.01
2018-09-30 -0.22 0.00 0.09
2018-06-30 -0.16 0.00 0.14
2018-03-31 -0.03 0.00 0.28
2017-12-31 0.07 0.00 0.37
2017-09-30 0.21 0.00 0.50
2017-06-30 0.29 0.00 0.51
2017-03-31 0.33 0.00 0.61
2016-12-31 0.41 0.00 0.69
2016-09-30 0.49 0.00 0.75
2016-06-30 -0.17 0.00 0.11
2016-03-31 -0.10 0.00 0.15
2015-12-31 -0.03 0.00 0.18
2015-09-30 0.10 0.00 0.22
2015-06-30 0.22 0.00 0.32
2015-03-31 0.41 0.00 0.51
2014-12-31 0.54 0.00 0.64
2014-09-30 0.77 0.00 0.86
2014-06-30 0.95 0.00 1.03
2014-03-31 1.10 0.00 1.19
2013-12-31 1.22 0.00 1.31
2013-09-30 1.39 0.00 1.53
2013-06-30 0.20 0.00 0.33
2013-03-31 0.40 0.00 0.49
2012-12-31 0.89 0.00 1.11
2012-09-30 1.46 0.00 1.74
  • Mistango River Resources has no debt.
  • Mistango River Resources has not taken on any debt in the past 5 years.
  • Mistango River Resources has no debt, it does not need to be covered by operating cash flow.
  • Mistango River Resources has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mistango River 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. Mistango River Resources has a total score of 6/6, 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 Mistango River 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 Mistango River Resources dividends.
If you bought CA$2,000 of Mistango River 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 Mistango River Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Mistango River 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:MIS 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 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
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 Mistango River Resources has not reported any payouts.
  • Unable to verify if Mistango River Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Mistango River Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Mistango River 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 Mistango River Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Mistango River Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mistango River 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.

Management

 What is the CEO of Mistango River 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
Robert Kasner
COMPENSATION CA$68,333
AGE 75
CEO Bio

Mr. Robert J. Kasner, Sr., also known as Bob, serves as the Chairman, Chief Executive Officer and President of Mistango River Resources Inc. Mr. Kasner serves as the President of Kasco and R. J. Kasner Co. Ltd. He served as the Chief Executive Officer and President of Strategic Resources Inc., from October 25, 2004 to July 18, 2008. He served as the Chief Financial Officer of RJK Explorations Ltd. He has over 40 years of business experience in mining exploration and construction, including powerline and road building. He has been a Director of Mistango River Resources Inc. since July 19, 2001. He serves as a Director of Greater Lenora Resources Corp. He served as a Director of Strategic Resources Inc. from October 25, 2004 to July 18, 2008. He served as an Independent Director of RJK Explorations Ltd. from April 3, 1969 to June 2008. He served as a Director of GVIC Communications Corp. He is a Member of the Prospectors and Development Association of Canada.

CEO Compensation
  • Robert's compensation has increased in line with Mistango River Resources recently becoming profitable.
  • Robert's remuneration is lower than average for companies of similar size in Canada.
Management Team

Robert Kasner

TITLE
Chairman
COMPENSATION
CA$68K
AGE
75

Carina Da Mota

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$8K
TENURE
1.1 yrs

Dan Kasner

TITLE
Director & COO
COMPENSATION
CA$67K
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Mistango River Resources board of directors in years:

2.2
Average Tenure
  • The average tenure for the Mistango River Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Robert Kasner

TITLE
Chairman
COMPENSATION
CA$68K
AGE
75

Dan Kasner

TITLE
Director & COO
COMPENSATION
CA$67K
TENURE
8.8 yrs

Michael Demers

TITLE
Director
COMPENSATION
CA$4K
TENURE
2.2 yrs

Ilian Iliev

TITLE
Director
COMPENSATION
CA$4K
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
03. May 19 Sell Osisko Gold Royalties Ltd Company 03. May 19 03. May 19 -11,850,000 CA$0.05 CA$-592,495
X
Management checks
We assess Mistango River 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. Mistango River 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.

News

Simply Wall St News

The Mistango River Resources (CNSX:MIS) Share Price Is Down 50% So Some Shareholders Are Getting Worried

Mistango River Resources didn't have any revenue in the last year, so it's fair to say it doesn't yet have a proven product (or at least not one people are paying for). … It seems likely some shareholders believe that Mistango River Resources will find or develop a valuable new mine before too long. … But with the share price diving 50% in the last year, it's probably fair to say that some shareholders no longer believe the company will succeed.

Simply Wall St -

Could Mistango River Resources Inc.'s (CNSX:MIS) Investor Composition Influence The Stock Price?

The big shareholder groups in Mistango River Resources Inc. … Mistango River Resources is not a large company by global standards. … See our latest analysis for Mistango River Resources

Simply Wall St -

Who Are The Largest Shareholders In Mistango River Resources Inc (CNSX:MIS)?

In this analysis, my focus will be on developing a perspective on Mistango River Resources Inc’s (CNSX:MIS) latest ownership structure, a less discussed, but important factor. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for Mistango River Resources

Simply Wall St -

Company Info

Description

Mistango River Resources Inc. engages in the acquisition and exploration of mineral properties in Canada. The company explores for precious and base metal deposits. It primarily holds 100% interests in the Omega and Sackville properties located in Ontario. The company was formerly known as GLR Resources Inc. and changed its name to Mistango River Resources Inc. in March 2011. Mistango River Resources Inc. is headquartered in Kirkland Lake, Canada.

Details
Name: Mistango River Resources Inc.
MIS
Exchange: CNSX
Founded:
CA$1,087,151
54,357,574
Website: http://www.mistangoriverresources.ca
Address: Mistango River Resources Inc.
4 Al Wende Avenue,
PO Box 546,
Kirkland Lake,
Ontario, P2N 3J5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX MIS Class A Common Shares Canadian National Stock Exchange CA CAD 31. Jul 2001
Number of employees
Current staff
Staff numbers
0
Mistango River Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/20 01:05
End of day share price update: 2019/09/19 00:00
Last earnings filing: 2019/08/29
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.