ATP 3.09% 10.0¢ atlas pearls ltd

Ann: Good News for Atlas After Another Successful Pearl Auction, page-3

  1. 73 Posts.
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    I think you will find that the sales are denominated in JPY and the offshore expenditure is in IDR. Loan is denominated in JPY. Lowering of head office costs and non-core business costs (perfumes) will be very helpful. It is a waiting game for the better harvests - the oysters will not be rushed in making these babies. Looks like the main backers of the stock are remaining supportive for now so worth backing this aquaculture horse in the rights issue.
 
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