I never see a company on ASX has been positioned in such a sweet spot operationally, financially and ready for growth, maybe PLS in two years ago, only pearl price won't drop 80% for sure. A few highlight to me other than the mind blowing numbers (yes, I bet investor can only find such good numbers on a handful ASX listed companies):
There areindications that the end-demand for pearls from China remainsstrong. Commencement of trials at Sumba for a new farm site. - Who says this is not growing, new farm, uplifted capacity, more pearls, a new farm means 10%+ increase in their production Good for sale of 7.1M, pearl are not like other products, they are very cost effective for storage and they can sell them anytime they want Reconnecting with wholesale customers within Australia, but also into Asiaand Europe. Now that these relationships have been reinvigorated
Let Mr Market find out the true value and potential for this pearl within all of these ASX rocks.
ATP Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
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