The debate between NoleafClover and 88X239 actually represent two extreme perceptions or understanding of the company - One is data based and focused on what is the reality and how does future look like even considering the worst case - the peal price stop growing or fall back to normal average price, regardless, the company will make 10M+ money for shareholders every single year (if they don't make huge mistake and there is no nature disaster). So if we treat the last year Auction as a lottery for the company, which push the SP to 20c+, based on current and future value of the company, the SP is clearly undervalued by the market due to panic driving selling and pessimistic perception of the future - the pearl price will drop huge and the demand will decrease huge, which is unlikely as people like pearls probably more than thousands years ago. Anyway, it is good to see this kind of discussion, for now, I think the market is still digesting the recent auction result, hence the SP performs this way.
ATP Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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