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.
Yeah obviously pearl price softening is what the market didn’t...
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Last
14.0¢ |
Change
-0.015(9.68%) |
Mkt cap ! $61.46M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 13.3¢ | $615.6K | 4.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 396593 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 262716 | 3 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| ATP (ASX) Chart |