Anyone still awake after reading that quarterly? IMO it looks like a cut and paste of the last quarterly and the one prior to that? Good to see in-house lab testing ramping up to "target" $4.90 worth of Zeolite per week. At least that will feed the next round of research.
I find it surprising that that no groundwork was done on either of the Toondoon and Abercorn assets again this quarter. In fact evaluation work totalling $10,000 was conducted for the quarter. If the acquisition of Toondoon was so attractive and as has been pointed out to me was valued independently between $8m and $55m wouldn't one expect some work to be done on it? Otherwise why has the company given away all of the vend consideration if the asset is going to continue to lay dormant.
The bulk of expenses for the quarter were represented in Salaries. The company IMO is not doing anything to create value for shareholders.
ZEO Price at posting:
4.2¢ Sentiment: Sell Disclosure: Held
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