I’m currently choosing to read the signs positively. Company is debt free; pearls have found new favour, whilst having good traceability and is an ethical gem, that is unlike blood diamonds/emeralds/rubies and even gold. Demand outlook is strong; the Company has high margins; very good cashflow. Good healthy percentage owned by management; and shares are still arguably undervalued despite the numerous things that can go wrong.
All of the above is quite well covered; so why not take reasonable conclusion that with all things known; ATP SP can continue to improve from here. I Think there is a reasonable chance the half year results will surprise well on the upside. Once it does, more press means more potential buying depth.
DYOR my thoughts only.
ATP Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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