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0.00% 2.9¢ morella corporation limited

USD 125 million debt due in less than 12 months - we can't pay this?, page-15

  1. Cashmeoutside
    3,067 Posts.
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    21/08/19
    20:31
    Post #: 40083688
    Why don’t you look up the correlation between commodity prices and the USD (the functional currency they are priced in). As USD strengthens commodity prices fall (in USD).

    All I’m saying is one thing is for certain a stronger USD means higher A$ debt for AJM. What is not certain is that a strong USD means higher A$ spodumene price for AJM. Stop thinking a stronger AUD/weaker AUD is good for the Aussie lithium plays.
    AJM Price at posting: 9.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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