I have noticed that ZEO has been marketing a lot during the...

I have noticed that ZEO has been marketing a lot during the early part of this year (instos, presos, videos, broker interaction etc...)

The SP started rising end ~31st March for this run. That coincided exactly with the Ann of the Board being strengthened for next phase of growth (that appointment is very significant if you are in the cement industry!) Also a lot of players testing the product so successful progress would also spark some interest I would imagine.

All this taking place with ZEO already flagging pretty clearly on where things were heading....This was in their Ann on 12/3/2025. "AuzPozz Low-carbon trials produce promising results".

The SP peaked 1st May and the Ann re performance was 15th April - SP was 6.7 c I think. It wasn't sold down there - in fact it was bought. It was sold on the 10c extension which was, as you say - an obvious point of resistance on the first go.

But let's put that to one side......there is a level of interest that JM and ZEO has been generating and the narrative is going far and wide - just worth mentioning.

Fibbo rules, agree 100% - we are seeing IMO a shallow retracement which is expected. I agree with your "numbers" moving up and this pattern (also a bit of Gann/Elliot analysis maybe if we speculate the third wave idea to stretch that dynamic) is interesting given the bull flag....we may see a rebound in a "time" squeeze as the PFS gets closer. I sense the market has some positive confidence given the last few Ann (now adding DSO into the mix) to what lies ahead.