ZEO 28.6% 3.6¢ zeotech limited

Ann: Update - Proposed issue of securities - ZEO, page-5

  1. 91 Posts.
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    This37m in stock, after reviewing previous announcements relates to Toondoon MiningLease acquisition and taking into account the decline in SP since Aug 21 when acquisitionwas first announced 37m x 0.5c = $1.85m looks to be a good buy – albeit we needto see the detail and vote. As for moving stock these shares are yet to beissued and I assume recipients, which first agreed to the transaction at a baseprice of 0.7c (as per ASX release HERE) won’t be in any rush to part with holding – once deal is completed.


    And, it sounds like ZEO has a zeolite centric plan for Toondoon:
    https://hotcopper.com.au/data/attachments/4457/4457722-79a2feaad9d403394a264749bd4514cd.jpg

 
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