Ann: Non-renounceable Entitlement Offer-Extension of Closing Date, page-5

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Jimbill

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633

09/01/23

21:39

Post #: 65605928
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Originally posted by b20: ↑

Zeu’s structure and assets after the recapitalisation:
● 430 million shares on issue at 1 cent giving it a tiny A$ 4.3 million market cap.
● Cash on hand of A$ 2.7 million.
● An E.V of A$1.6 million.
● No debt or outstanding creditors or claims and a low cash burn rate.
● 219 million 2 cent options which could potentially raise a further A$ 4.3 million over
the next two years if its share price rises above 2 cents ( just A$8.6 mill M.C).
● Four tenements in W.A. One of which contains a free-flowing potash brine aquifer.
The others are prospective for lithium, manganese, copper, other base metals and
Uranium.
● And most importantly, in the near term the new ZEU board has begun to actively
seek to acquire a substantial new asset or business in the coming months that could
significantly increase ZEU’s value and share price.

Good RvR

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Once relisted and old wood is cleaned out then more value can be added by more projects being vended in. The two current assets are still prospective IMO but with low SOI they could easily vend in a new project and still have low shares on issue. By Vending in the right project you can see what has happened to MEI over the last month, a good project comes in and they are 5 x their market cap and are now $80m mcap.

At 1c shares in the raise the company only needs to get to a $15m mcap and its 4x any money invested in the current raise plus there are 1:1 options which would already be in the money so will potentially add more value

In order to double your money and keep the free options the Mcap only needs to get to $7.3m!

ZEU Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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