The July 2011 edition of the Hard Rock Analyst Journal selected Euromax Resources (OTC Other: EOXFF; TSX-V: EOX) as its company for review. Below is an excerpt from the HRA Journal, a complete copy of which is available here.
“Euromax spent a lot of effort picking up projects in southeastern Europe, and was successful choosing some solid prospects in different countries. Unfortunately this left the company “property poor” when the Credit Crunch hit. To resolve this EOX merged with and sold the assets of a China based company for $15 million, but was unable to push past the large share issuance this created while focusing on the solid but small gold resource at its Breznik project in Bulgaria. Dissident shareholders took control of EOX, refunded it and have refocused it on three exploration projects with larger scale potential. We outline all of these, and Breznik, but for the moment the focus is on the Trun project that is currently being drill tested.”