The A$ is worth US$0.575 right now. That means that at 27.5c LOK closed at the equivalent of US$3.1625 for LOOK so we are trading at a solid premium to the US. The US closed at US$2.99.
The greenback is falling against the euro, pound and most other currencies as well as gold. If the A$ hits 60c US by 29 January and LOOK is US$4 then, LOK will be 33.5c
LOK
looksmart limited
look/lok outperform!!, page-3
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