funding, page-3

Hi Tim,

you make a valid point and i can see where your coming from and i actually thought along those lines when i first glanced over the update.
The main reason i dont think its an issue is the way the have spoken about it.

Firstly they mentioned it (which they didnt have to)
Then they pretty much said we havent hedged due to we are unsure when we need to transfer. etc etc
But the statement that made me thnk its no big deal is, as sales increase we will have to transfer less often and a weak aus dollar will be beneficial in the long run (or somehing along those lines)
Now coming from a board that wouldnt even sugar coat a dohnut to comment on increase sales and then talk up the falling dollar said alot to me.
If it was an issue i would have expected them to say so as they havent held back in the past
Only my take on it and i would welcome people with far more experience than myself on how sbn might be set up re covering usa costs to comment