Jarmo Vesanto - Sotkamo Silver Independent Director

SOSI1 Stock  EUR 0.11  0.01  10.00%   

Director

Mr. Jarmo J. Vesanto was Independent Member of the Board of Directors of Sotkamo Silver AB since March 22, 2013. He has a MS degree in Geology and Mineralogy from the University of Oulu in Finland and is a Member of the Australian Institute of Mining and Metallurgy since 2013.
Age 61
Tenure 12 years
Phone358 50 599 3539
Webhttps://www.silver.fi
Vesanto is Business Development Director in Boliden Kylylahti, Polvijarvi, Finland. He has over 35 years of experience with Outokumpu and has experience in exploration and mining on a global scale, particularly in base metals. He was previously CEO of Altona Mining Finland for nine years and District Manager for Outokumpu in Timmins, Ontario for four years. He also spent six years in Australia initially at Thalanga CuZn mine before playing a role in the discovery of the high grade Silver Swan nickel discovery near Kalgoorlie whilst seconded to MPI.

Sotkamo Silver Management Efficiency

The company has return on total asset (ROA) of (0.0264) % which means that it has lost $0.0264 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0973) %, meaning that it generated substantial loss on money invested by shareholders. Sotkamo Silver's management efficiency ratios could be used to measure how well Sotkamo Silver manages its routine affairs as well as how well it operates its assets and liabilities.
Sotkamo Silver AB has accumulated 53.6 M in total debt with debt to equity ratio (D/E) of 1.11, which is about average as compared to similar companies. Sotkamo Silver AB has a current ratio of 0.43, 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 Sotkamo Silver until it has trouble settling it off, either with new capital or with free cash flow. So, Sotkamo Silver'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 Sotkamo Silver AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sotkamo to invest in growth at high rates of return. When we think about Sotkamo Silver's use of debt, we should always consider it together with cash and equity.

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Sotkamo Silver AB, together with its subsidiaries, explores for and develops mineral deposits. Its primary project is the Silver Mine project located in Sotkamo, Finland. Sotkamo Silver operates under Other Precious Metals Mining classification in Finland and is traded on Helsinki Exchange. It employs 56 people. Sotkamo Silver AB (SOSI1) is traded on Helsinki Exchange in Finland and employs 52 people.

Management Performance

Sotkamo Silver AB Leadership Team

Elected by the shareholders, the Sotkamo Silver's board of directors comprises two types of representatives: Sotkamo Silver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sotkamo. The board's role is to monitor Sotkamo Silver's management team and ensure that shareholders' interests are well served. Sotkamo Silver'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, Sotkamo Silver's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ilkka Tuokko, Chairman of the Board of Sotkamo Silver Oy, Director
Mikko Jalasto, CEO Oy
Arttu Ohtonen, Mnaging Director of Sotkamo Silver Oy
EevaLiisa Virkkunen, Director
Maria Neovius, Director
Erkki Kuronen, Deputy Chief Executive Officer, Managing Director of Sotkamo Silver Oy
Pekka Veisto, Project Manager for the Silver Mine project
Mauri Visuri, Chairman of the Board
Paul Johnsson, Chief Financial Officer
Tommi Talastera, Chief Officer
Jarmo Vesanto, Independent Director
Mikko Sopanen, Chief Financial Officer
Matti Rusanen, Director
Pasi Mtt, Chief Oy

Sotkamo Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sotkamo Silver 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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Other Information on Investing in Sotkamo Stock

Sotkamo Silver financial ratios help investors to determine whether Sotkamo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sotkamo with respect to the benefits of owning Sotkamo Silver security.