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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

Bullboard Posts
Comment by kkkrrrron Dec 02, 2016 5:24am
71 Views
Post# 25544839

RE:Where do we go from here?

RE:Where do we go from here?
thats the point...  i don't trust Steve Sharpe anymore...

50cent per share dividend is a joke ... even with 200 million shares outstanding this would translate into 100 million$ dividend payment p.a.,,, 

if they start construction with 400 million$ bank-debt they have to pay down debt over 10 years (appr. 40 million$ per year) + interst paynents or another 30-40 million$ p.a (first years).....

in my opinion its impossible issue more than 10 cent per share as dividend.... 


..i will hold my remaining shares and wait what will happen next.. good project and still low marketcap in relation to project value... 
Bullboard Posts