My point is this basic: Why use the USD in contracts to only get caught out when the USD slides?
If you read what I'm saying carefully, I'm talking about specifying a stronger currency than the USD in the contract, in the first place.
From day one. Hedging will be inadequate and insufficient with a big slide in USD and this looks inevitable and I've explained why.
Nobody has given me a solid reason why this should not be looked at now.
Not being interested in sleepwalking through life, I question things, sure I do. I'm laughing however at the labels being thrown around. Fearful? Depressive and negative? Hardly, I've got a large stake in ADO. But I switched to cash and bonds before the GFC. Labels don't hurt me at all, and I get things wrong sometimes, sure I do. But not questioning can hurt, big time.
PeterFred, and a few others
Thanks for taking this issue seriously, I can't get to the AGM.
At least it can be raised as an issue but not confident it will be properly ventilated off the cuff and in a public forum. I may end up talking to management regardless as not much headway here.
DV
ADO Price at posting:
6.5¢ Sentiment: LT Buy Disclosure: Held
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