special dividend?, page-21

@bridog I am an Australian exporter and I have to pay my staff, rental, fees, etc etc in AUD and I also pay my overseas agents in USD and the way this is done is a certain portion (already calculated with about 2% margin, in my case) kept in USD and balance converted to pay the salaries etc.
Therefor say an order is for USD50million - FMG would cover to convert say USD45Million and keep in their USD account $5Million to pay their USD contingencies and anything left over can be converted at a prevailing rate. My guess is FMG will cover over and above the current orders in hand and can use this for later orders as and when required. They have the ability to pre or post deliver the USD coverage at a lower rate with a points penalty applicable. Their major costs are in AUD so they just cant' sit on USD until their overseas shareholders are paid out.