We covered EurOmax Resources Ltd. (EOX.V) back in February, when they were trading at C$0.23. As the current share price is trading around half a dollar, we would strongly suggest taking some profits off the table at this point.

Shares are up by almost 122% since February, and we think it’d be wise to take at least the original invested amount off the table, as there are other opportunities to invest in.

Disclosure: The author holds a long position in EurOmax Resources Ltd., but will start selling later this week. The author has visited the Trun project in Bulgaria and the Ilovitza project in Macedonia during December 2011, and his costs have been reimbursed by the company. Please see our disclaimer for current positions.

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