ATP Atlas Pearls Ltd.

[lorraina]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02737794-6A1179628?access_token=83ff96335c2d45a094df02a206a39ff4

[lorraina]

request an immediate trading halt in the securities of the Company pending release of an
announcement regarding the results of a pearl auction held in Kobe, Japan


Now this could be fun as I hear pearl prices went through the roof at Kobe.

[lorraina]

From a post on HC
the demand and supply fundamentals are both unprecedented. And in the current market, ATP should see cash reserves equal its current mkt cap within the next 6-9 months.

[lorraina]

Crikey Nearly did last year's revenue in just 5 months.Incredible.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02749872-6A1184803?access_token=83ff96335c2d45a094df02a206a39ff4

[lorraina]

Atlas Pearls Ltd (ATP), an ASX listed company, has become one of the world's leading producers of the high quality white and silver South Sea pearls. The Company operates across seven farming locations throughout the South Seas and employing more than 1,000 people, the Company harvested more than 629,000 pearls in the FY2022.
Market cap at 3.9 cents is $16,686,998.56.Number of shares on issue..427,871.758
eps 0.98....PE [adj] 3.98....NTA 6 cents per share.
Today's trading up date is a cracker.
https://stocknessmonster.com/announcements/atp.asx-6A1155190/

Trading today at 12 cents.Up 307% since I first posted 6 months ago.

[lorraina]

Ended the day at 13 cents up a stunning 48%.
ATP   Atlas Pearls Ltd   0.13   48%   $37,652,715

[Shareguy]

Ended the day at 13 cents up a stunning 48%.
ATP   Atlas Pearls Ltd   0.13   48%   $37,652,715

Well done. Looks interesting alright

[lorraina]

May be just another South Seas Bubble.?..lol.
"The South Sea Bubble was one of the first famous financial bubbles of modern times. The shares of the South Sea Company rose rapidly to ten times their par value within a few months in 1720, and even more swiftly fell back."

[KW]

From 3c to 15c - you'll be able to deck yourself and your wife, out head to toe in the company's product Lorraina 

You cannot view this attachment.

[lorraina]

Has been a great run.
Yet looks to be plenty of petrol in the tank for yet another run.
Enjoyed my divie,then took my capital and profit,and will just see what the remaining ones do.
Ride the wave and enjoy it...lol

[Buzz]

Has been a great run.
Yet looks to be plenty of petrol in the tank for yet another run.
Enjoyed my divie,then took my capital and profit,and will just see what the remaining ones do.

Just another lorraina triumph, well done you still smashing it out of the park.

[lorraina]

12.32 pm and already over 3mil shares traded.
Currently buyers at 20 cents and sellers at 20.5 cents.

[lorraina]

Incredible.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02779844-6A1196269

[BlackPeter]

Incredible.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02779844-6A1196269

Does look interesting ...

... on the other hand, it appears that the pearl market is currently driven by a severe shortage caused by lack of seeding during the COVID years ... i.e. the good years might not continue forever.

https://www.purepearls.com/blogs/news/pearl-industry-2024-predictions-and-market-updates

Anyway - certainly a case of making hay while the sun shines ... or to enjoy the ride while it lasts ...

[lorraina]

https://cdn-api.markitdigital.com/ap...8249-6A1203835
The market did not like the above announcement.
Share price is down 6.25 cents or 36.8% to 10.8 cents.