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Michael Fotios

Michael Fotios is a geologist, specialising in economic geology with extensive experience in exploration throughout Australia. Mr Fotios is the chairman of private investment syndicate InvestMet. He is a non-executive director of Northern Star Resources, Pegasus Metals, Horseshoe Metals, Redbank Copper, Swan Gold Mining and General Mining Corporation. Mr Fotios was managing director of Tantalum Australia (now ABM Resources) and Galaxy Resources, and also held positions at Homestake Australia and Sons of Gwalia.
Bio last updated 13 Jul 2019

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Executive Chairman
Redbank Copper
Redbank Copper
2013 - 2019135
Non-Executive Chair
Horseshoe Metals
Horseshoe Metals
2012 - 2019
Executive Chairman
Ora Banda Mining
Ora Banda Mining
2012 - 2018
Non-Executive Chairman
Oklo Resources
Oklo Resources
2016 - 2018
Non-Executive Director
Scorpion Minerals
Scorpion Minerals
2009 - 2018240
Executive Chair
General Mining Corporation
General Mining Corporation
2015 - 2016
Non-Executive Director
Galaxy Resources
Galaxy Resources
2016 - 201612
Non-Executive Director
General Mining Corporation
General Mining Corporation
2012 - 2015
Consultant
Northern Star Resources
Northern Star Resources
2013 - 20137
Non-Executive Director
Default
Stirling Resources
2012 - 2012
Managing Director
Galaxy Resources
Galaxy Resources
2006 - 200812

Directors Interests

CompanyDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Scorpion Minerals18 Oct 2018Issued26,666,666$0.03$830,088OtherIssue of securities: Non-cash consideration & Deemed consideration.
Scorpion Minerals18 Oct 2018Issued22,500,000OtherIssue of securities: As per announcement on 01/11/2018.
Horseshoe Metals26 Jun 2018Bought435,000$0.02$6,858On-market trade
Redbank Copper26 Jun 2018Bought97,555$0.03$2,628On-market trade
Scorpion Minerals26 Jun 2018Bought235,000$0.02$5,410On-market trade
Source: Morningstar

Directors Shareholdings

CompanyDirect sharesIndirect sharesTotal sharesTotal value
Ora Banda Mining234,768,722234,768,722$34,041,465
Horseshoe Metals37,334,23637,769,23675,103,472$1,126,552
Redbank Copper24,306,12224,306,122$315,980
Scorpion Minerals22,598,86122,598,861$90,395

Equity Capital Markets Deals

DateCompanyTransaction TypeTotal Value
09/11/17Ora Banda MiningPlacement$30.0m>>
29/02/16Ora Banda MiningPlacement$25.0m>>
18/04/17Ora Banda MiningPlacement$25.0m>>
12/04/18Oklo ResourcesPlacement$15.0m>>
17/12/15General Mining CorporationPlacement$7.3m>>

Mergers & Acquisitions Deals

AnnouncedBidderTargetTransaction TypeTotal Value
30/05/16Galaxy ResourcesGeneral Mining CorporationMerger$216.0m>>
01/12/15Ora Banda MiningAcquisition$30.0m>>
13/12/10Target EnergyInvestmetAcquisition$3.6m>>

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
81stNorthern Star Resources63%59%
323rdIluka Resources-1%8%
352ndIndependence Group-7%3%
484thPaladin Energy-29%-14%
500thOM Holdings-31%17%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

5th↑OM Holdings$1,512.4m
6th↓Iluka Resources$1,353.1m
7th↓Northern Star Resources$965.3m
8th↑Independence Group$780.1m
9th↑Paladin Energy$756.2m
488 listed resources companies ranked by revenue.
Source: Morningstar

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