Halelujah! We broke 80 cents!, page-8

The reason I ask is that the thread title refers to the share price so it'd be easy to mistake your comment as a prediction of the share price. Or maybe your comment does relate to the share price at IPO?

IMO, the exchange rate has little to no bearing on the BLT share price. The ADR price for 20 BLT shares traded in US dollars will be determined by the exchange rate at the time of IPO, but I can't see the exchange rate driving the BLT share price one way or the other in the lead up. The real drivers of share price will be demand and supply.

Recent trading appears to indicate supply decreasing and demand increasing. The price trend is definitely up since the end of the last financial year, and IMO that trend will continue right up to IPO regardless of what the exchange rate does.

If anything I would have thought a low aussie dollar bodes very well for attracting foreign investment and possible even help in attracting a higher price in $AUD.