MAE marion energy limited
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re: australian dollar, page-18

  1. Red Baron
    4,539 Posts.
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    24/01/09
    19:26
    Post #: 4725632
    re: australian dollar Can't believe this whole thread is about the pros/cons of a weak aussie dollar.

    Marion is an asset play, very unlikely it will be sold in A$. Being US based it will sell in $US. Now you don't have to be a mathematician to work out the more favourable exchange rate.

    Now if you believe we are presently cash flow positive, once again we are earning USD but reporting profits in aussie. Again no mathematician needed here.
    MAE Price at posting: 25.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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