Another report full of fluff to disguise the BS in my view...
Seems to run by a bunch of cowboys, I don't quite understand the exuberant salaries of the senior management based on the past few years of constant poor performance.
More small pearls is a concern, considering a two year production cycle for pearls we can expect further poor results into 2020 and early 2020. If they have magically figured out what is causing their small pearls maybe end of 2021 there might be better results.
Harvesting 500,000 pearls means very little, how many pearls are actually marketable from that figure? I doubt they would disclose these finer details.
Bottom drawer, hopefully cant smell it there.....
Ann: Annual Report, page-6
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