Member Info for jono44

Should have done a placing at 3.5p to 4p

The way I see it is that Zeus have been given 12m shares to sell and the proceeds go to REE less Zeus's fee.

Don't understand how REE can 'buyback' the shares as I don't think that Zeus have bought any shares and have just been told to sell on behalf of Altona.

This Cedric fellow seems to be a complete idiot to think that this was a guaranteed way to raise funds and then to say that 4p was the lowest selling price then Zeus woukd just sell the lot at 4p as they don't give a .... as long as they get their fee but it's totally backfired and neither Zeus or Altona are going to make any money.

A complete farce and Cedric should get his jacket and go as soon as possible.

Span I am using google earth pro if that makes any difference.

Hi Span this is the info I have,

24 degrees 07'43.50'' S 29 degrees 01'44.84'' E

I just searched for mokopane and matched google earth to uru's images, hope this helps.

Gobig of course they did, why didn't I think of that.

Seriously I might be wrong about this but thought I would put it out there to see if anybody agrees or disagrees.

Gobig, how is it more positive, uru have said they haven't chose a Drilling contractor yet, or have they!

Span not sure what your asking, the image is dated 1st april 26 , and no drilling contractor has been decided at least that's what uru are saying !

Yep agree area was cleared for surveys but why has a Drilling Contractor set up a site right on this area before any contracts have been awarded.

So, no one going to correct me and a couple of big rampers have posted since I posted, not like them to miss an oppertunity to have a rant.

Acording to Goggle Earth a Drlling Contractor has set up on what uru decribe as Target 1 with the image dated 1st april 2026.

So why has this contractor already set up on uru's licence area.

Also according to previous images this area was covered in 'bush' but is now shown as cleared.

Why are they there, have they done any drilling, are they going to do any drilling.

Something not quite right.

Nobody got any thoughts of their own or are they quite happy to just copy and paste just to ramp, boring stuff nobody interested in and just looks desperate.

Correct me if I'm wrong and I know you will but isn't there a Drilling contractor that has a site already set up or was set up right on the area uru intend to drill .

Google earth.

HODler enjoyed reading you post, good laugh, might even give it a tick up but then all the steves on here might be jealous so maybe better not to.

Did I say £280 in trades in Canada meant to say £180, big spender.

Coco and his mates don't seem to like reality posts.

Someone knows something alright and it ain't you guys thats's for sure.

There were 4 trades in Canada totalling about £280 so to say someone knows something is a bit over the top. just bare faced ramping.

But it seems to be working. someone happy to offload.

No problem YO thanks and will look at videos again.

It was also good to have a civil debate but think that has now been ruined by Coco joining in.

Thanks YO/Pears

Regarding land access was it in the interview with TMS or StockBox or someone else.

Think it's a bit concerning that they cannot say officially that they have 'registered' the mining right they use words like executed and say it's a formality but have yet to actually confirm registration considering they only had 60 days register.

Yo,

Could you share where you got the info about the land access issues if you don't mind.

Also do you know if Uru have registered the mining right as I haven't seen anything to confirm they have.

thanks

Uru 4th nov 2025 placing rns

' Following receipt of the placing proceeds, the Company will begin a tender process to find a drilling contractor for work that is expected to start in Q1 2026.'

Uru 8th may 2026 rns

'URU is also currently preparing the Request for Quotation documentation for the selection of a drilling contractor.'

This is what a lifestyle company says and then does.

This is a lifestyle company and has provided a good lifestyle to you know who for the last 12 years and has become a master at dragging heels.

They don't know yet how many 'holes' they are going to 'drill' and no doubt it will take forever to interpret the results to 'determine' how many and where to drill.

Then they need to get the 'drilling' contactor sorted.

Then they will tell you that they need to do a placing to cover the costs of the drilling and don't forget the 'admin' that needs to be financed as well!

Then maybe sometime in the future,, after a trip to the cobbler to get new heels, they might start drilling with results to follow whenever.

Nutses,

Excellent post.

Just wanted to get thoughts on this mornings rns and my understanding.

Two paragraphs stood ou to me.

1; Zeus will use reasonable endeavours to sell each Tranche's Facility Shares on behalf and for the benefit of the Company. The Facility Shares will be sold during the first 3 months of each Tranche, at not less than market bid price.

And

2; Zeus will receive a broker fee from the gross proceeds of the sale of the Facility Shares. On completion of each Tranche, the net proceeds will be paid to the Company and announced.

The first paragraph implies that Zeus will only sell above bid price but if they continually sell it might have a negative impact on the sp and the bid price will keep falling.

Secondly, Zeus will get paid a broker fee for every sell, do they get rewarded any other way? because this implies that it is only beneficial for Zeus to keep selling even if it means the sp falls.

Gobig was going to give my fircast for next 6/12 months and it would have been my opinion nibody ekse but you let yourself down and seem to have joined Aimg in wonderland.

By the way you have a small resource with low grades and the market is awake and that's why it's ignoring you.