Morley. Whilst I would agree with your sentiment, looking at the last outlook for ATP leaves also one with very little confidence in the pearl industry and ATP.
ATP made a profit of .2m dollars on revenue that was halved to $6.9m(from approx $13m). However, after a revaluation of its assets its estimated to make a loss of between $5.5-$6.7m
If I may make an observation -
From my reading many companies have closed or are going broke, and I think that the pearl market has some way to go before good profits come back again.
I think at this time the pearl industry is super speculative and that there is better value elsewhere :)
Just my twopennyworth, remember DYOR
APB Price at posting:
2.1¢ Sentiment: Hold Disclosure: Not Held