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.
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Yeah obviously pearl price softening is what the market didn’t...
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Last
9.6¢ |
Change
-0.002(2.04%) |
Mkt cap ! $41.62M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.6¢ | $27.32K | 281.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 208582 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.8¢ | 3768 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12390 | 0.100 |
3 | 217882 | 0.096 |
3 | 48163 | 0.094 |
5 | 162933 | 0.093 |
2 | 52500 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 88863 | 2 |
0.105 | 136076 | 4 |
0.110 | 481045 | 3 |
0.115 | 138227 | 5 |
0.120 | 788655 | 12 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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