(NewsDirect)
Departing PoseidonNickel Ltd (ASX:POS) CEO Craig Jones and incoming CEO Brendan Shaldersjoin Proactive’s Jonathan Jackson to discuss the divestment of LakeJohnston to Mineral Resources Ltd. Jones, who has played a pivotalrole in this strategic move, shared insights on the Binding Heads ofAgreement, underscoring the sale's contribution to the company’scapital enhancement and future ventures.
With a robust cash balance, excluding the $1million from the sale, Poseidon is well-positioned to sustain itsoperations and pursue its strategic objectives. The company isfocusing on its Windarra and Black Swan projects, maintaining aprudent approach to exploration and cost management.
Brendan Shalders, thecurrent CFO, will assume the CEO role from April 1, 2024, ensuringleadership continuity and strategic execution.
Poseidon’s refocused strategy onexploration and cost efficiency, bolstered by the Lake Johnston saleand leadership transition, sets a promising trajectory for thecompany.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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