Yes, we’ve discussed the lack of transparency in the annual...

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    Yes, we’ve discussed the lack of transparency in the annual report; it’s likely deliberate rather than carelessness. The motivation is obviously unclear. Partly I guess the management don’t want to draw too much attention to short-term volatility in KPIs. I also suspect there are commercial considerations - perhaps the new CEO doesn’t think it wise to release commercially sensitive data to customers and competitors? But we do have detailed, official data from the quarterly auctions. These support the management report that average mommes/Pearl have stabilized. And that prices are exceptionally buoyant, even for smaller pearls. And these data are more timely than the annual report.
 
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