If we are getting US$220mill from Shell, at the exchange rate of 66 cents, we should be getting AU$333,333,333. If the AU$ goes down to 65 cents US, we should then receive AU$338,461,538 or thereabout. Approximately an extra AU$5,128,205. If it goes down 2 cents, we will receive then AU$343,750,000, an extra AU$10,416,667.
But then again, if the dollar goes up instead, we will then receive less. If it goes to 67 cents for instance, we will then receive AU$328,358,209, and at 68 cents we will get AU$323,529,411.
I hope this will help.
Buddy
AOE Price at posting:
$2.18 Sentiment: LT Buy Disclosure: Held
