Poseidon Nickel Ltd (ASX:POS) (OTCMKTS:PSDNF) (FRA:NYG) managing director and CEO Peter Harold has further demonstrated his confidence in the company’s nickel strategy with the purchase of more shares in an on-market transaction.
Harold acquired 170,000 shares on March 25 in an indirect interest, which along with his on-market purchase of 330,000 shares earlier this week, takes his total holding in the company to 500,000 fully paid ordinary shares.
The total value of the transactions this week is $29,660.
Golden Swan drill drive extension
The company recently extended the Golden Swan resource drill drive by 50 metres and this is expected to reduce mine development time at the Black Swan Nickel Project in Western Australia.
This decision means the end of the drive will be 50 metres closer to the mineralisation and follows a recent detailed review of the planned underground drilling program at Golden Swan discovery.