Hi Daytr
I understand that a falling $A will hurt on the debt and interest rate.
But in what currency are they selling the PNG gas, and in what currency will they sell the Australian gas. From my understanding, the majority of the Australian gas will be exported. So will not the majority of their income be in US $? If so, are they not naturally hedged? I suppose it will depend on the level of the incoming income. Which reminds me, we are coming near to the end of the quarter. We have been told shipments out this quarter. Leaving it very fine!
Pear
The buyers just keep on coming, page-14
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