AGO 0.00% 4.5¢ atlas iron limited

Iron ore extends winning streak, page-3

  1. 10,824 Posts.
    The tanking AUD adds significantly to debt and interest repayments.

    The drop from 75 cents to 70 cents AUD/US has added AUD$26 million to the AUD denominated debt. If the AUD goes down to 65 cents that's another AUD$30 million.

    And why's the AUD falling so far and so fast ? Because the global economy is up the creek, with lower demand for steel but higher supply of iron ore.
 
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