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clock Created with Sketch. 27/08/24
16:08
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Originally posted by jamesn84:
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While I agree that ATP has improved its fundamentals significantly since 2020, and they have great candid management, 3 years into the future can be unpredictable for a pearl maker with many risks. It's a cyclical business, demand and pearl price cannot be predicted, environmental risks, management themselves have stated many times that they have no idea how much pearl grade and price would be, etc. Pearl price can fall off the cliff any year and ATP profits will be affected.
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Can say the same thing about iron ore.
(20min delay)