Ann: Kobe Auction Result and Sales Update, page-42

  1. 379 Posts.
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    Management may be seeing whether longer growing cycles are commercially sensible; if the next auction sees bigger average Pearl sizes and correspondingly higher prices then the following auction could also be deferred. Personally I think that is good policy. Returning to growing sustainably larger pearls ensures the company takes full advantage of the current boom, and is less vulnerable to any future downturn. I believe shorter growing cycles were introduced to reduce costs when the company had debt to repay. Now we have substantial cash reserves, we can manage future cycles in demand/prices without recourse to such policies.
 
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16.0¢
Change
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16.0¢ 16.5¢ 16.0¢ $26.24K 161.5K

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No. Vol. Price($)
6 495303 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 4761 1
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