Funny, I thought it was an excellent quarterly, relative to the usual re-tabling of announcements in the quarter.
To my eye, ZEO management has been pretty busy, which is what SH’s want see IMHO
Cash position is solid just under $4m (I can’t see any rush to raise capital at the moment – accepting Trailblazer will need capital invested, it offers awesome leverage ie $10.4m for net $2.8m investment & delivers logical next step from pilot, being a large-scale demo plant and a massive industry partner in Covalent Lithium (WES/SQM).
IMO it was also good to have a little more clarity on the Trailblazer.
Pilot program looks to be delivering (ie Covalent / Trailblazer) must have seen the focus feed being lithium process waste (test work updates point to this being the case), so kaolin is next, I’m guessing
ZEO is taking up a large lab/office space in Brisbane Technology Park, can only point to pilot delivering and a 130sqm lab space is decent size, with this presenting as the company setting up its own identity from an operations perspective.
Then the Quarterly offered update / insights on what ZEO is up to on the technology front – CCU & AI
Transforming CO2 into Syngas looks pretty exciting to me / I suppose we’ll get further detail once ZEO obtains confirmation as an industry partner Then, it looks like ZEO is bringing in the big guns from UQ Artificial Intelligence team to “adopt and co-develop a ‘smart data analysis platform’ using Artificial Intelligence machine learning and this has the potential to enhance engagement with potential joint venture and/or licensing partners.” Again I’m guessing we’ll hear more once this is formalised.
On top of that it looks like Toondoon kaolin marketing is gaining some interest and Zeotech hasn’t been lazy on this front and is progressing towards obtaining mining requirements.
One would think, meeting with local council and Sugar Terminals indicates Zeotech is serious about getting kaolin out of the ground ASAP
So to me it was an informative Quarterly, which provided much more insight than previous.
Looking at the cashflow statement, all I can say is ZEO seems to be managing its cash well and applying capital predominately to pilot / R&D, representing around 60-70% of expenditure for the quaretr and looking at R&D expended to date (9 mths $1.166) this equates to another $500k or so cash back from govt R&D incentive - so that of course helps. Not to mention the activities undertaken by ZEO over the quarter all looked good to me, but I suppose ‘two people look out the same window yet see different things” that’s life. GLTH’s
ZEO Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
