RE:RE:RE:RE:RE:RE:IS THERE HOPE FOR EOX?There is next to no value for shareholders in the Legal case as it will take a decade to finalise this. While they are doing the legal case they can progress other opportunities outside of Macedonia. Ilovitza will never be developed it is in the agricultural heartland of Macedonia and the premier wine growing area. Its development would drive up labour costs and reduce the available workforce for low paid agri-business slavery. Those agr-businesses will pay and use politics to halt the development.. There is a lot of opportunity in Serbia let them go there and find opportunities.
Look at Gabrielle Resources in Romania issued a Notice of Dispute in Jan 20, 2015 and to date White and Case have billed US$ 63,961,210 as of June 6, 2023. This litigation will cost no less and take just as long.Gabrielle matter remains unresolved.
EOX has a market value of C$12 million and less than $1 million in cash. Gabrielle is well funded and has a market value of C$440 million.
Unless the sheareholders are prepared to fund C$50 million in litigation costs over the coming decade or accept a few million from the Macedonian Government there is no value in this for shareholders and the likely outcome is that EOX runs oout of money and is delisted.
It is time for management to use the platform for building a mining company and deliver some hope to shareholders, but it is unclear if they have the ability or energy to do this.