Drill Baby, Drill is Consistent with Mentor Capital Energy Focus
Mentor Capital (OTCQB: MNTR) reported Q3 2024 results with a closing share price of $0.056. The company received a post-quarter subsidiary divestiture payment of $0.048 per share, bringing total cash holdings to $0.121 per share. The company's book value stands at $0.135 per share, down from $0.159 at 2023 year-end. Mentor Capital is focusing on classic energy sectors including uranium, coal, oil and gas, seeking partners who could benefit from up to $2M cash investment. The company has completed significant share repurchases, retiring 2,855,712 shares at an average price of $0.058 during the first nine months of 2024.
Mentor Capital (OTCQB: MNTR) ha riportato i risultati del terzo trimestre 2024 con un prezzo di chiusura delle azioni di $0.056. L'azienda ha ricevuto un pagamento post-vendita di una sussidiaria di $0.048 per azione, portando il totale delle disponibilità liquide a $0.121 per azione. Il valore contabile dell'azienda è di $0.135 per azione, in calo rispetto a $0.159 a fine 2023. Mentor Capital si sta concentrando sui settori energetici tradizionali, inclusi uranio, carbone, petrolio e gas, cercando partner che possano beneficiare di un investimento in contante fino a $2 milioni. L'azienda ha completato significativi riacquisti di azioni, ritirando 2.855.712 azioni a un prezzo medio di $0.058 durante i primi nove mesi del 2024.
Mentor Capital (OTCQB: MNTR) reportó resultados del tercer trimestre de 2024 con un precio de cierre de $0.056 por acción. La compañía recibió un pago por la desinversión de una subsidiaria post-trimestre de $0.048 por acción, llevando el total de las reservas de efectivo a $0.121 por acción. El valor contable de la compañía se sitúa en $0.135 por acción, por debajo de $0.159 a finales de 2023. Mentor Capital se está enfocando en los sectores energéticos clásicos, incluidos uranio, carbón, petróleo y gas, buscando socios que puedan beneficiarse de una inversión en efectivo de hasta $2 millones. La empresa ha completado recompras significativas de acciones, retirando 2,855,712 acciones a un precio promedio de $0.058 durante los primeros nueve meses de 2024.
멘토 캐피탈 (OTCQB: MNTR)는 2024년 3분기 결과를 보고하며 주가가 $0.056으로 마감되었습니다. 이 회사는 분기 후 자회사 매각 대금으로 주당 $0.048을 수령하여 총 현금 보유액을 주당 $0.121로 증가시켰습니다. 회사의 장부 가치는 주당 $0.135로, 2023년 연말의 $0.159에서 감소했습니다. 멘토 캐피탈은 우라늄, 석탄, 석유 및 가스를 포함한 전통적인 에너지 분야에 집중하고 있으며, 최대 $200만 달러의 현금 투자를 통해 혜택을 받을 수 있는 파트너를 찾고 있습니다. 이 회사는 2024년 첫 아홉 달 동안 평균 가격 $0.058로 2,855,712주의 상당한 자사주 매입을 완료했습니다.
Mentor Capital (OTCQB: MNTR) a rapporté les résultats du troisième trimestre 2024 avec un prix de clôture de l'action de 0,056 $. L'entreprise a reçu un paiement post-vente d'une filiale de 0,048 $ par action, portant le total des liquidités à 0,121 $ par action. La valeur comptable de l'entreprise est de 0,135 $ par action, en baisse par rapport à 0,159 $ à la fin de 2023. Mentor Capital se concentre sur les secteurs énergétiques classiques, y compris l'uranium, le charbon, le pétrole et le gaz, à la recherche de partenaires susceptibles de bénéficier d'un investissement en espèces allant jusqu'à 2 millions de dollars. L'entreprise a réalisé des rachats d'actions significatifs, retirant 2 855 712 actions à un prix moyen de 0,058 $ au cours des neuf premiers mois de 2024.
Mentor Capital (OTCQB: MNTR) hat die Ergebnisse des dritten Quartals 2024 veröffentlicht, mit einem Schlusskurs von $0.056 pro Aktie. Das Unternehmen erhielt eine Nachquartalszahlung aus der Veräußerung einer Tochtergesellschaft von $0.048 pro Aktie, wodurch der Gesamtbestand an liquiden Mitteln auf $0.121 pro Aktie anstieg. Der Buchwert des Unternehmens liegt bei $0.135 pro Aktie, ein Rückgang von $0.159 Ende 2023. Mentor Capital konzentriert sich auf klassische Energiesektoren wie Uran, Kohle, Öl und Gas und sucht nach Partnern, die von einer Barinvestition von bis zu $2 Millionen profitieren können. Das Unternehmen hat bedeutende Aktienrückkäufe abgeschlossen und 2.855.712 Aktien zu einem durchschnittlichen Preis von $0.058 in den ersten neun Monaten 2024 zurückgezogen.
- Cash holdings of $0.121 per share exceed 200% of current market price
- Strong share repurchase program with 2.86M shares retired in 2024
- Series Q Preferred Stock showing 13.87% average annual compound return over six years
- $2M available for new investments
- Market cap declined from $1.54M to $1.22M since 2023 year-end
- Book value per share decreased from $0.159 to $0.135 since 2023 year-end
- Share price dropped from $0.062 to $0.056 since 2023 year-end
Operating Partners, Investments and Cash Deployments Affected
Also subsequent to quarter-end, the November 2024 national election results were substantially announced. Mentor Capital’s emphasis on the classic energy sectors of uranium, coal, oil and gas are, in the opinion of management, consistent with the incoming administration’s energy philosophy and focus. Mentor is looking to partner with interest holders and operator(s) that wish to continue to operate their business, could benefit from up to a
On September 30, 2024, the Company had 21,830,393 common shares and 11 Series Q convertible preferred shares outstanding, plus 4,250,000 Series D warrants outstanding with an exercise price of
No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending September 30, 2024. A 3,000,000 share repurchase plan was authorized, and on November 18, 2024, a total of 95,788 shares remained to be repurchased under the plan. For the nine months ended September 30, 2024, a total of 2,855,712 MNTR common shares were repurchased and retired at an average price of
The Company's shares finished the quarter at a closing price of
The Series Q Convertible Preferred Stock, for accredited investors, first valued at
The Company is managed by Chairman and CEO Chet Billingsley who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at
The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found.
About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas.
This press release is neither an offer to sell nor a solicitation of offers to purchase securities.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities, and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance and are sometimes identified by words of condition such as "should," "could," "expects," "may," "intends," "seeks," "looks," "moves," or "plans" and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results or direction to differ materially from those intended or anticipated. Such risks include, without limitation: delays in finding and purchasing suitable investments at favorable prices, nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing additional financing, the potential of competitive products, services, and technologies, difficulties experienced in program development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as government regulations, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings
The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events, or circumstances occurring after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241119346420/en/
Mentor Capital, Inc.
Chet Billingsley, CEO
(760) 788-4700
info@mentorcapital.com
Source: Mentor Capital, Inc.
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