I wouldn’t waste your time on WC (I think your first description...

I wouldn’t waste your time on WC (I think your first description covers it), in another ZEO thread he was touting intimate knowledge of 3-4m dumping at 3.9-4c (in May) and continued to bag management/ZEO on how it had missed the boat on the green thematic LOL

I wouldn’t be surprised if WC is not actually disgruntled SH, why else would someone, spend time & effort in long-winded posts (a description previously used by WC) without any holding shares (noting WC has only ever posted on ZEO threads)

As for the capital raise, review of Mar Q 5B indicated $2.4m as at 31/03 and around $0.75m in expenditure, so one could safely assume that June Q would have seen higher expenses – so without a capital raise ZEO could have ended 23’FY with around $1.5m in cash. So it seems prudent that the company would look to top up to least get through the 2nd half, with what looks to be a period that we are all hoping management can deliver a commercially centred milestone. The recent investor preso, looked to telegraph a decent level of work happening behind the scenes. IMHO ZEO only need one key line to start taking commercial shape and current m/c will have plenty of upside (remember ADN hit $1bn m/c on hype), so SP has the speculative potential to go much higher than it is today, IF (yes, it’s a big if) ZEO can get one of its industry partners to do more than collaborate or get some kaolin/metakaolin offtakes rolling.



As for Evolution, they cannot be held accountable for any ASX company’s fortunes, they aid in raising capital (we all back winners / losers – as I’m sure they have), ultimately ZEO’s fate is in the hands of its technology and the execution capability of its management.

My view is in stark contrast to WC’s, but HC is an open forum so all opinions are shared, and that makes for the ‘comical’ threads we all seem to enjoy reading – just make sure you DYOR