Euromax Resources Ltd V.EOX

IS THERE HOPE FOR EOX?

[JCMenzies]

Since 2017 this stock has flatlined.  A recent private placement and some board changes but little else for years.  There is a mmajor opportunity in commodicites and the management of EOX seems to be happy enough to persist with a project which can not be developed.  It overlooks the Strumitza Valley -  deeply prized by the Macedonian people for his historical significance and agricultural production.  EOX needs to focus on other opportunities -  of which there are many -  to generate some retuurn on investment for long standing shareholders.

[korat1000000000]

I think it's over 

[chriszhou]

why?

[FabiusCunctator]

Hope you have to be joking.  This company has not had positive news in years.  The "New" investors that got suckered into the last placement must be mighty angry about recent performance.  The Macedonians will never allow development of Ilovizta it is in the most important wine growing area of the country. This husk needs to generate some value for shareholders by finding

[FabiusCunctator]

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

[chriszhou]

Do you mean the company should just give up the lawsuit and go to find another project somewhere else?

[FabiusCunctator]

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

[chriszhou]

I am afraid the management is already sucked in and stuck here.

[FabiusCunctator]

Their delusional focus in the last few years has been to the detriment of shareholders.  The company once had a huge portfolio of acreage across the region and now has NOTHING -  not even any imagination it so seems.