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ZEU - Zeus Resources

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System

System

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Zeus Resources initial exploration focus will be on a portfolio of uranium exploration projects in Western Australia. However, it will also undertake an active project generation and acquisition program across a range of commodities, principally uranium, copper and gold, throughout Australia.

http://www.zeusresources.com
 
Wow, no posts here.
Have been following the price for a while. Got no idea what their up to though...
Climbing on very low volume.

Screenshot_20201013-003438.png
 
ZEU up 89.7% today with no news having been announced. Daily volume is huge for the company with 9.2 million shares having changed hands so far.

Predictably the ASX sent them an ASX Price Query letter, to which the company replied that they have absolutely no idea why there is unusual trading in ZEU.

Something very odd going on here.
 
ZEU seek Uranium in the West I believe. It may be our saviour energy wise some say.

Carpe diem. Cave canem.

gg
 
Garpal Gumnut said:
ZEU seek Uranium in the West I believe. It may be our saviour energy wise some say.

Carpe diem. Cave canem.

gg
Click to expand...

What makes me curious about this company is that not a lot appears to be happening in terms of corporate activity. Their last Quarterly Activities Report released to the market on 28 January revealed the following:
  • At the end of the Quarter the consolidated entity had $947,000 in cash with no debt;
  • No Changes to Zeus’ granted tenement holdings occurred during the Quarter.
  • No fieldwork was completed during the Quarter on the tenements managed by Zeus Resources Ltd.
This is from Section f of the notes to the Half Yearly Report and Accounts released on 31 March 2021

The Company, since listing, is yet to report profitable operations and management is closely monitoring the remaining tenements held, to control cash outflows arising from existing exploration activity and the funding requirements needed to develop future projects.

These circumstances currently point towards a material uncertainty, and if not addressed, may cast significant doubt about the Company’s ability to continue as a going concern.
Click to expand...

Yet the share price has gone up from 1c to 3.7c in the last eight months. Something doesn't smell right. Hmmm.....
 
greggles said:
What makes me curious about this company is that not a lot appears to be happening in terms of corporate activity. Their last Quarterly Activities Report released to the market on 28 January revealed the following:
  • At the end of the Quarter the consolidated entity had $947,000 in cash with no debt;
  • No Changes to Zeus’ granted tenement holdings occurred during the Quarter.
  • No fieldwork was completed during the Quarter on the tenements managed by Zeus Resources Ltd.
This is from Section f of the notes to the Half Yearly Report and Accounts released on 31 March 2021



Yet the share price has gone up from 1c to 3.7c in the last eight months. Something doesn't smell right. Hmmm.....
Click to expand...
Nothing to do with me, mate.

I only picked it in this months comp as @tech/a had chosen Zeo and I was crook, so restricted my dart throwing to the zeds.

At its present rate of ascent it is way ahead of Zeo and I expect a congratulatory mention from @debtfree in his competition commentary next Friday when he gets back from his dissipation of this weekend.

gg
 
Garpal Gumnut said:
only picked it in this months comp as @tech/a had chosen Zeo and I was crook, so restricted my dart throwing to the zeds.

At its present rate of ascent ... I expect a congratulatory mention from @debtfree in his competition commentary next Friday when he gets back from his dissipation of this weekend.
Click to expand...
not going to move much further when the Trading Halt comes ...

though the recent chart action, by Jove, surely resembles a thunderbolt
1618546184927.png
 
Barring a miracle or somebody's fat thumb taking over his computer tomorrow I cannot see this yapper winning the competition this month, or any month, ever.

gg
 
ZEU' S Trending nicely...Australia has the world’s largest resources of uranium with an estimated 1.158 million Mt in reasonably assured resources (RAR) recoverable at costs of less than US$ 70/kg. This represents approximately 33% of world resources in this category. Other countries with large resources in RAR of uranium recoverable at costs of less than US $70/kg are Canada 10%, Kazakhstan 10%, Niger 7% and the United States 6%.

1624407642718.png
 
Thinking of making an offering for zeus, as a long term procession. Whats gets to me is the demand for uranium out there. I've read all the promise and been through there web site, witch was insightful. But can't come to a conclusion weather to fulfill at market. Anyone who has a better clue then me, please fill me in. Let me know what you think?
 
uranium market has been artificially depleted (pun intended) in the last 25y as we have been burning into reactors the dismantled fuel of the thousands of decommissioned war heads, following the fall of the wall/USSR.
That should now be soon over and we could see a price increase.i will keep an eye but not act until a trend is obvious
 
qldfrog said:
uranium market has been artificially depleted (pun intended) in the last 25y as we have been burning into reactors the dismantled fuel of the thousands of decommissioned war heads, following the fall of the wall/USSR.
That should now be soon over and we could see a price increase.i will keep an eye but not act until a trend is obvious
Click to expand...
fat comment, so I don't mean to be cheeky with it. But got a small parcel @ 0.098c. Having faith in its prosperity, thinking it's came out of the shadows and is ready to trade. No news on them working that out due to civid. I guess I'm, taken a chance, but here go's... Hopefully show some promise these weeks...
 
Stockybailz said:
fat comment, so I don't mean to be cheeky with it. But got a small parcel @ 0.098c. Having faith in its prosperity, thinking it's came out of the shadows and is ready to trade. No news on them working that out due to civid. I guess I'm, taken a chance, but here go's... Hopefully show some promise these weeks...
Click to expand...
my comment was more uranium as a whole than zeus
 
This may be a shot in the dark, but ZEU has been consolidating price nicely. these past weeks And if I'm not mistaken it is forming a Bullish Pennant Pattern. Witch is great, needs a bit more capital raising...

1625676736636.png
 
expected a breakout by now, but NO volume to show for it. Going south it looks. Uranium Sector so hard to comprehend. Still a long term proposition for the future. But the immediate future for Zeus looks grim...
 
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Probably regret selling out of this one, at the time it wasn't looking positive, a Investors nightmare, expecting good things in the moment. A tricky business Uranium stock very unpredictable. Although @kennas seems to have his figures on the pulse. Zeus following trend of all the rest of the Uranium Sector like PDN as stated in the Uranium Thread by @kennas. Zeus up over 11% and climbing I would predict. But whats next for the Uranium Sector. Also have my eyes GLA Gadiator Resources, requiring ZEU and VAL Valor resources, a Gold Uranium Stock digging up some interesting Material...What gets me is what triggers the Uranium trade to head north. When they can't mine the material?

1630642124804.png
 
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Stockybailz said:
Probably regret selling out of this one, at the time it wasn't looking positive, a Investors nightmare, expecting good things in the moment. A tricky business Uranium stock very unpredictable.
Click to expand...

Stocky, I think they've all run ahead of themselves on expectations and speculation. One of the biggest uranium bulls and someone behind the Sprott Physical Uranium Trust, Rick Rule, was selling positions in juniors recently because he thought they'd gotten ahead of themselves, but then....kaboom. SPUT started buying uranium a week or so ago and I think that's been the catalyst. You're right, the market caps of all those juniors are running away and some are years away from actually building a mine, if they ever actually do. The supply/demand and switch to nuclear due to clean energy is still just a thesis as well. Also, could be another Fukushima tomorrow and uranium goes in the toilet for another decade. I doubt these stocks are going to keep running much further and will need some further consolidation once the heat drops. kennas
 

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