Exceptional ManagementAt what stage will the management of this company realise that they have totally destroyed shareholder value since assuming management. Totally unimpressive - total destruction of value - but nice slaaries and benefits over all these years. Now the stock finds new lows - well done. There would be few WORSE performers on the TSX than EOX.
The focus on a single asset in a developing country has resulted in 100% exposure to the country risk - that was evident long ago. The project is located on the slopes of the most fertile and beloved area of Macedonia. The probability of this being developed is ~1%. It was ~1% in 2010 and remains the same today. The corporate strategy at the time was sale to a local miner in SE Europe - and that transaction was advancing in 2009-2010.
A sad outcome for shareholders - but maybe the Christmas bonuses will cheer up management.
To any shareholders remaining (excepting management and directors) I wish you a very happy, healthy and sublimely peaceful Christmas and a prosperous 2019.