re: australian dollar, page-14

re: australian dollar Posters should read the posts thoroughly before replying.
Here is my post:
"Two points to the importance of a low $A to MAE:
1. If MAE is a gas producer 90% of the gross sales in US$
would be profit - only 10% of the sales in $US go in
expenses with net production profit in $US is 90%.
Currently, the gas price is around A$7 & based on
20mmcf/day would give a gross income of US32m(A$50m)&
net US$29m(A$45m).
2. If MAE was to sell it gas assets, it would get US$ values
which converted at US$0.65 multiplies the effective
sale value to Australian shareholders by 53%.
If the value of the A$ falls even further then MAE is
better off & if it rises then MAE is worse off. If it
went back to parity MAE would only get A$29m net profit.
A$45m vs. A$29m - hardly diddly squat!!"
Notice I used the word "if" because it was asserted if MAE
produced a profit from its gas sales the currency converstion made didly squat difference whereas in FACT if MAE became a producer or sold it gas assets then the conversion is critcial to the financial outcome for Austalian shareholders.
The fact that MAE has no profit to date or has not sold its gas assets yet was never the point here!!