BUR 0.00% 13.0¢ burley minerals ltd

at 14.5 ... , page-16

  1. 308 Posts.
    Mr Steve,

    Yea I had that much figured i.e drilling in USD etc.. and with the current low USD the initial capital raised in AUD goes even further in USD (bonus) but eventually if we (shareholders) are to see a return in say 2-4 years then the profits have to come back to AUD (also their reports and financials are in AUD) If the USD becomes [worthless] then profits returned will diminish as the gas price is effectively tied to the US market and won't rise to offset exchange losses oil would (oil is more linked to world markets than domestic US gas). I'm not saying this is going to happen but was pondering what would happen worst case scenario if the US goes into recession (not saying it will either but thats not really the discussion).
 
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