There are plenty of juicy details to come out of today's ASX announcement, the pick of the bunch for me being as follows:
ATP's sale of $2.5 million worth of pearls at the latest Kobe Pearl Auction was the company's most successful to date.
The prices ATP got for their pearls were 14% above the company's reserve.
Previously, 70-80% of ATP's harvest was sold to just four customers, but now they're selling to fifty (50) of the world's largest wholesalers.
ATP expects to record the highest revenue in its 21 year history by June 30th.
I have been holding shares in ATP for a while now and whilst I have not been confident in the past the results of the latest Kobe Pearl Auction and everything else the company has got going on, the future for ATP has never looked brighter.
I intend to hold for the long-term and ultimately reap what I believe will be a significant multi-bagger from today's depressed share price of 8 cents a share.
I couldn't be happier with today's ASX announcement and the results the company achieved in Kobe.
ATP Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
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