us cash

I would like to remind shareholders that our cash is in US dollars.

I indicated in a previous post that the AU$ was likely to rise. It has so in the last few weeks the US holdings have gone down 3%.

I suggested at the time at least a 50 / 50 holding US / AU with money at bank note rates.

I will contact OZL again however Richard Hedstrom is away and i urge you to as well.
In the boards over compensation to risk we are lossing money. There is no risk in loaning money to one of the 4 AU majors.

Cheers