Atlas Pearls you have come a long way baby!
Zero debt by September! Beyond reducing interest payments this will give company further flexibility as to when best to harvest & sell pearls throughout the year. Also removes risk of largest shareholder effectively taking over company if debt was swapped with shares.
Improvements made in prior years still to be fully realised ie lag between seeding & harvesting. This includes stabilising production volume.
Still room lots for more growth via avg pearl size & proportion marketable. Both well below previous highs. See Annual Report extracts below.
2013 Annual Report
2021 Annual Report
Lastly the board strategy is focused on what's important - growing & selling pearls wholesale. No longer distracted by brand building, retail jewellery, cannabis oils etc.
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