Also In the Boards’ 249d statement abovethey also have the...

Also In the Boards’ 249d statement abovethey also have the audacity to state that the new directors coming on “might bean attempt to consolidate control over ZEU’s decision-making processes to the detrimentof other shareholders interests” WTF!!! Talk about projection!

That’s exactly what ZIMC are and have been doing for 12 years now!

Right now the ZEU constitution limits the board to 5 seats and ZIMC had a clause insertedsaying that if ZIMC hold over 10% of the shares they get 2 seats and the chairmanship.There are only 4 board members so ZIMC with 2 seats and chairman wit the controllingvote in a tie they control it 100% - and they also refuse to nominate any new outside directors – (PLus they grossly overpay their fellow Chinese lackey Daniel as the third director toalso protect them – andgive him sole control of the running of the whole company in Oz)-

so with Just 12% of the shares ZIMC already totally “consolidate control overthe company's decision-making process” which is mainly why the SP is so crap asthe ZIMC directors with no skin in the game are totally unaligned with - and canafford to totally ignore- what the other 88% of shareholders want.

Plus ZIMC control over the decision-making process is already causing serious “detrimentto the other shareholder's interests”- ie they are all down 97% on theirinvestment- and have no way at all to change the board's decisions –without doing a 249d!

This 249d by shareholders now is to do EXACTLY the opposite of what they say – itis to open up the ZEU board to normal democratic ASX rules like all other ASXcompanies so the board CAN, at last, reflect the real ownership structure and beresponsive to the wishes of the majority. Both now and into the future.

In their statement, they also have the audacity to state they have “activelycarried out the operation of mining rights??” and now just “when everything wasmoving towards normalization”?? The 249d requisitioning shareholders are blocking them!!?
What a load of nonsense!
That ZIMC-led board has done nothing for 12 yearswhy would they change now? - For them doing almost nothing is “normalization”.

IMO The new directors - unlike the current board - are shareholders personally so I can't imagine are looking to “block” any progress – why on earth would they? Indeed they will make probably much-needed moves to cut admin costs and spend more on actually doingexploration work on tenements properly and hopefully bring in new projects that will add value. That’s what all actual shareholders want isn't it?