Ann: Board & Company Update, page-5

IMO this is a good result. the shareholders at last spoke up.

I gather over 90 ZEU shareholders voted against the ZIMC and for the new board. but only ZIMC plus two other larger Chinese shareholders voted in ZIMC's favour.- and in their statements pre-249d there was ZIMC complaining about how the new board risked representing just a minority of shareholders interests against the majority???- talk about projection!

at last the silent majority of shareholders had the chance to speak up and vote - and ZIMNC are out of the driving seat and a new board is in. this is good news.

I would imagine the new board have a lot of work to do now just to get hold of the bank accounts and the reins of the company, understand what was going on and tidy it up. I would imagine they will get little help from the departing Chinese directors.

IMO the new boards first task will be to deal with the ASX and to show them the company is at last under new management supported by the shareholders, and now under the control of some experienced ASX Australian directors who are hopefully far more competent, transparent and go-go than the Chinese state corp guys from beijing ever were. Then they need apply to get nit relisted..

Next I would imagine they need to
1.get to work on their existing Aussie projects one or two of which seem quite prospective,
2. possibly do a CR to let some new blood in and refill their coffers?
3. and possibly find new bigger project that can give Zeus a whole new direction and lease on life.

Thats all easier said than done -but at least there is now positivity and hope for this company.

well done all shareholders who extracted the digit and actually voted.

I wish the new team the best of luck.