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Michael Fotios

Michael Fotios is a geologist, specialising in economic geology with extensive experience in exploration throughout Australia. Mr Fotios was the chairman of private investment syndicate InvestMet until resigning in 2019. He was a former director of companies including Redbank Copper, Eastern Goldfields, Northern Star Resources, General Mining Corporation, Galaxy Resources, Pegasus Metals, Horseshoe Metals, and Swan Gold Mining. Mr Fotios was managing director of Tantalum Australia (now ABM Resources) and and also held positions at Homestake Australia and Sons of Gwalia. Mr Fotios was declared bankrupt in 2019 following the outcome of his legal battles with the ATO.
Bio last updated 24 Feb 2020

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Non-Executive Chair
Horseshoe Metals
Horseshoe Metals
2012 - 2019186
Executive Chairman
Redbank Copper
Redbank Copper
2013 - 2019454
Non-Executive Director
Scorpion Minerals
Scorpion Minerals
2009 - 2018459
Executive Chairman
Ora Banda Mining
Ora Banda Mining
2012 - 201847
Non-Executive Chairman
Oklo Resources
Oklo Resources
2016 - 2018
Non-Executive Director
Galaxy Resources
Galaxy Resources
2016 - 2016
Executive Chair
General Mining Corporation
General Mining Corporation
2015 - 2016
Non-Executive Director
General Mining Corporation
General Mining Corporation
2012 - 2015
Consultant
Northern Star Resources
Northern Star Resources
2013 - 20136
Non-Executive Director
Northern Star Resources
Northern Star Resources
2009 - 20136
Non-Executive Director
Default
Stirling Resources
2012 - 2012
Managing Director
Galaxy Resources
Galaxy Resources
2006 - 2008

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
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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 29/05/20

1 year TSR5 year TSR
157thSaracen Mineral Holdings63%61%
167thNorthern Star Resources55%47%
302ndIGO15%2%
560thSandfire Resources-26%-1%
671 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

18/10/18
$830k Issued
18/10/18
$0 Issued
26/06/18
$7k Bought
Total value as at the date of the transaction
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Revenue

6th-Northern Star Resources$1,401.2m
8th↑IGO$787.0m
10th-Sandfire Resources$603.3m
11th↑Saracen Mineral Holdings$555.7m
476 listed resources companies ranked by revenue.
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