Ailasdavejay. I think what you say about zeus and its management and Colin from Disallowed club are lies and conspiracy theories. I normally don't post here (I am American) I normally just read HC - but I just can't watch you keep lying with impunity any longer. I see enough in my own country that from Trump and his accolades. It annoys me. So I now speak up.
I was also a member of that club back in 2020 when they did the 3 cents placement in zeus that you talk about I also bought my legal entitlement in the rights issue at one cent when they resisted earlier this year - and I still hold my stock and options as I am up and remain bullish on the prospects for Zeus Resources. I expect they may be bought out.
Please feel free to correct me if you think I'm wrong- I am not taking sides here - I just don't like open lying.
As far as I know Zeus was like a dead company in 2020. It had set up as a uranium company 2013- with Mainland Chinese management and money. But in 2017? WA banned uranium mining- so Zeus did nothing and stopped exploring (and this company is an explorer) So they just just wasted shareholders money doing nothing and the stock fell from 20 cents at IPO down to 1 cent over several years with almost no buyers trapping in the Australian retail holders.
fThen Disallowed club said they had arranged a placement to re-cash up the company for about A$1 million at 3 cents - this was open to everyone- and Colin then announced he was also buying in at 3 cents like everyone else. (He got no free shares)
Zeus then had money and announced that they were looking at acquiring the Livingstonia Uranium mine in Malawi (which I imagine was probably arranged by Colin)- as Uranium market was getting hot then and this stock had just 200 mill shares at 3 cents (A$6 mill-USD 4 mill which is like a joke)- So the naturally the share price then ran up higher on speculation to 10 cents -this is natural in exploration markets.
Then the ASX suspended the stock. and we who had taken the placement all thought wed lost all our money.(And I like to ask why did ASX not suspend the stock in the many years before when it was doing nothing- no exploration- - but only when it raised money and announced it was now cashed up and looking at a new project -ie at last doing something again) and particularly only after the many of old Australian retail shareholders escaped out of their jail to foreign shareholders like me and my fund?)
The suspension of Zeus I gather meant the Livingstonia deal didn't happen and soon after Lotus Resources (LOT.AX) bought the project - and their stock jumped by A$100 million market cap both before and after that - but ASX didn't do anything to them?? Is it because they are Australian? not Chinese or American?
At that time I note that Colin wrote to all members to say he felt responsible and that he would go on to Zeus as a director to help get it resisted as he thought the Chinese directors did not no how. He also said he'd do it for free - which he did .
I have checked And I can see no evidence that he ever took a salary - nor a single share or option free from Zeus for his work - have you ever seen any other Australian directors ever do that? To me thats honourable behaviour.
He soon got rid of the bad old directors- and got the company to use their money to cut office costs and go exploring - and hence they found the lithium in Mortimer Hills and free-flowing potash Brine on their other wiluna site in WA by the big seven potash plant (SO$>AX)
He worked hard for a year and got the company resisted. And in order to raise the new funds the ASX required for resisting Zeus did it the first way they could by doing a rights issue to all existing shareholders at 1 cent per share with a free 2 cent option attached. All shareholders had the right to take it up.
The records show Colin purchased his entitlement at 1 cents the same price as all other shareholders.
Zeus got permission to relistin January this year and got straight to work exploring and drilling again on mortimer hills as they said they would.
then in May and June DLI.ax bought the Yinnethara Resource right next door - and started getting very good hits and DLI ran up to A$ 500 million market cap - mean while directly on the other side of Mortimer Hills - VSR also announced good hits and went to A$45 million market cap - and all the small lithium stocksin Australia and N America began a bull run north.
Zeus whose mortimer hills sits directly adjoining A$ 500 mill MC DLI - was still at only A$4 million market cap. - with cash and going exploring and drilling less right beside the DLI drill hits near their boundary- and the evidence from the DLI drill hits is that its likely the large underground lithium resource on their land could be heading east towards ZEU land just 500 meters away - and with Zeus also drilling of course Zeu share price ran up on market speculation. It would be absolutely an irregular abberation if it hadn't.
So Ailasdavejay I ask you why do you and so many Australian retail investors always want to call a share price going up or down a "pump and dump"? To me Its just normal market fluctuations based on logical news and speculation. Indeed It would be illogical if it did not. Its the same all over the world.
Why do you and others just feel its ok to lie and say Colin or management are dishonest and got loads of free shares - when there is no evidence at all -ever- of any free shares or options ever being issued?
why do you (or many other say) Colin or the club must be dumping his shares -when clearly he never dumped any despite the stock having gone up already by 800% and he sold none of the share all of which he bought. The ASX has clear rules.
Indeed Colin did get questioned by the ASX about why had had bought more shares (A$ 2,500k or so to round up his holdings some months before -which Colin admitted was an oversight and his mistake - and he did the honourable thing and resigned.
As far as I can see Colin came on board did the job he said he would - saved the shareholders from a big loss - got the company relished and back to work and not a very prospective project- he also made sure many of the investors have had the chance to make a good profit from this hard work - and he never took a salary nor any free shares or options - and then he did the honourable thing and stepped down when he realised he had made a small A$2,500 purchase error some month earlier. I personally think the ASX would be a more more ASX directors should act in such an honourable way.
Ailasdavejay can I ask you - or ask yourself- Have you ever done anything honourable like that as you promised - for no payment and the benefit of other people ?
If you think I am wrong on anything I said please explain with evidence what and where - - but if you can not show anything "dishonest" about the company than can I please ask you - as I am still a shareholder - to stop trying todownramp this company with open lies - as 1. it affects my and others on-going investment -.and 2. its just plain wrong.
ZEU Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
(20min delay)