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Andromeda Metals Implements Organizational Changes for Long-Term Success — ASX:ADN| ASX Mining News & Discussion
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Lykeshares
2y
Official
$ADN
Andromeda Metals Implements Organizational Changes for Long-Term Success
Andromeda Metals Limited (ASX: ADN), a mining company, has announced a series of executive changes as part of a review of its organizational structure. The review was conducted following a strategic review of the company's corporate positioning and business strategy.
Streamlining Roles for a Sustainable Business Foundation
As a result of the organizational review, Andromeda has decided to consolidate roles within the company. This move aims to simplify the company's structure and create a more sustainable business foundation before making a final investment decision (FID). James Marsh, who held the position of Sales and Marketing, and Tim Anderson, the Chief Commercial Officer, will depart from the company on November 17, 2023.
CEO and Managing Director to Oversee Functions Temporarily
During the transition period, the functions previously handled by James Marsh and Tim Anderson will be led by CEO and Managing Director, Bob Katsiouleris. The company is actively searching for an appropriate candidate who can
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fulfill both roles. It is expected that a new candidate will be found by early 2024.
Expressing Gratitude to Departing Executives
The Board of Andromeda Metals would like to thank James Marsh and Tim Anderson for their commitment and dedication in contributing to the company's progress. Their efforts have been instrumental in bringing the company to its current advanced stage.
Building a Strong and Sustainable Foundation
Bob Katsiouleris, CEO & Managing Director of Andromeda, commented on the changes, stating that they are aimed at streamlining the business and establishing a solid and sustainable foundation for long-term success. While the company undergoes these organizational changes, it continues to make progress in advancing The Great White Project. This includes refining development and funding plans, with an anticipated final investment decision on the horizon.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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