May & June Events

[dan_s]

We have 2 live webinars scheduled in May.

The first one is set for May 15. You can register on the EPG website. I will be talking to the CEO of a gold mining company, Amex Exploration (AMX.V).

On May 22 Mundoro Capital (MUN.V) will be hosting a live webinar for us. Mundoro is PROFITABLE and the stock is trading for just $0.185Cdn per share. I had a long telephone conversation with the Company's CEO. I think this "Penny Stock" could be a triple for us. First Call's price target is $0.66Cdn.
Financial Highlights and 2024 Outlook (All amounts are expressed in Canadian dollars unless otherwise indicated.)

Cash Position: As of December 31, 2023, the Company held $6.5 million in cash and cash equivalents and no long-term debt. As a result, the Company does not anticipate a need for capital raising in 2024.

Fees Earned and Net Option Payments Received: During the year-end December 31, 2023, the Company generated $3,015,408 in Fees earned and Net Option Payments, compared to $886,887, which represents a 240% increase, compared to the comparable period in 2022.

Corporate Expenses: During the year-end December 31, 2023, the Company incurred Corporate Expenses of $1,364,642, compared to $1,248,273, which represents a 9% increase, compared to the comparable period in 2022. Corporate Expenses include accounting and audit, regulatory and corporate governance, corporate communication, and general and administrative expenses.

Net Income: During the year-end December 31, 2023, the Company's net income was $1,398,323, compared to a net loss of $1,593,211, which represents a 187% increase, compared to the comparable period in 2022.

Cash flow from Operating Activities: During the year-end December 31, 2023, cash flow from operating activities is $1,009,300, compared to $1,203,915 in 2022.
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Our next Houston luncheon is going to be hosted by Ring Energy (REI) on June 13.