Given the favourable macro environment around pearl demand and...

Given the favourable macro environment around pearl demand and the intention of ATP to expand their farming sites I can see the share price trading at up to 10 times earnings in the future. There needs to be visibility of future earnings and management have provided an outlook statement for the current year which gives that.

The company now ticks a few boxes for would-be investors, no debt, cash in bank, low valuation( 3.7 times earnings), good macro environment, director share purchases on market, clear growth path and operating in low cost jurisdiction.

A lot to like about this one.
DYOR