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Euromax Resources Ltd V.EOX

Alternate Symbol(s):  EOXFF

Euromax Resources Ltd is a Canada-based company that operates in mining industry. The Company is engaged in identifying, acquiring and developing mineral resources in Southeastern Europe. The Company has a development project in Northern Macedonia. The Company is focused on building and operating the gold-copper development asset in Ilovica-Shtuka in South East Macedonia. Ilovica-Shtuka copper/gold project's deposit type is copper gold porphyry. Its average annual production is 83 kilo ounces (Koz) of gold (Au) and 16 kilo tons (Kt) of copper (Cu). It is engaged in the bulk tonnage open pit mining.


TSXV:EOX - Post by User

Comment by FabiusCunctatoron Jan 08, 2024 1:16am
52 Views
Post# 35815099

RE:RE:RE:RE:IS THERE HOPE FOR EOX?

RE:RE:RE:RE:IS THERE HOPE FOR EOX?There has been some capitualtion selling recently as investors saw that their holding was worth even less than 3 cents.  The $3 million issue done at 3 cents in Jan 2023 is way under water with no prospect of liquidating that position.  As for the 7.5 and 12.5 cent warrants far out of the money.  Rumor has it that the new Albanian shareholder with 24 percent of float is very upset with his losses.  Time for a change of board and a new direction for this stock.

Before any positive move shareholders have to expect a 3:1 consolidation and a 70 percent loss.
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