re: Ann: Media Release/2010 Annual Report and...
Chewy,
Correct the loan to Noble is in $US.
The problem last time was that the genius' only hedged the currency and were selling at spot. When the IO price went south with the $A they had the worst of both because the SA was hedged way above the market price thus they received less $A for the sinificant lower IO price. That hedge loss probasbly now equates to the overall debt.
Fair dream Kiwi. I had a laugh.
TTY Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
