AVB 0.00% 16.5¢ avanco resources limited

The Brazilian Real keeps hitting lower lows. The AUD is looking...

  1. 3,232 Posts.
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    The Brazilian Real keeps hitting lower lows. The AUD is looking at 70c and may go below. We still have a lot of money in USD and when we converted it should have been from 75-78c. We have a lot more buying power now and when we are producing the profits in AUD terms are going to be great. Our $64 mil AUD is worth about $72 mil AUD now.

    http://www.bloomberg.com/news/artic...rojections-send-real-toward-fresh-12-year-low
 
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