hmmm interesting..., page-4

Very amusing... "Point of inflection"... love it... since they've effectively recognised profit upfront for the expected production of oysters 6 yrs out. Still have to wait till the annual report to see whether they used realistic parameters for that calculation... probably not, given past reports.

Oh and yes, the next venture is vertical integration into jewellery retailing... haha. Now, as far as I understand it, it is perhaps more about the difficulties been experienced by that non-Papasley "Sydney based wholesaler" . Possibly forcing the hands of pearlers to find their own markets.

Presentation reads like the lead in to some form of capital raising - otherwise, how on earth could they contemplate acquisition opportunities? MIS income? Poor sods. Pearl market will one day recover to an extent, but ...