cost are in rand and fall as rand depreciates, page-6

I talked to PLA last week and found that the 15% hedged was done in Rands not dollars, so we're not getting $2000USD were getting something like $2000 * (% depreciation of Rand since hedging)I was told this is now about $1500 US. Was also told their costs are in rands so these have gone down by same %.

I'm not worried about PLA price. My main worry these days is a takeover attempt. On the other hand this seems to be a worry being talked about on many of the undervalued stocks I own.