Yeah obviously pearl price softening is what the market didn’t like. But the softening was from all-time high prices. I think fair value if the pearl price stays around $60-$70 is a SP of 20c. That’s if we keep harvesting and selling around 500k pearls per year.
Not sure we have enough cash on hand to do a buy-back. Would prefer to keep the cash on the balance sheet to ensure there is no chance of having to raise capital or borrow money ever again. That $16m cash should see us make ~$1.5m in interest alone each year. Happy to hear other thoughts about this though.
ATP - General Discussion, page-273
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10.5¢ |
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Mkt cap ! $45.53M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 10 | 420823 | 10.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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