Very pertinent point Thebig.
They basically locked in the loan just as the AUD crashed, then paid out most of it, post June 30, when the AUD had recovered strongly.
Not saying that they undertook the debt for the purpose of FX trading, but... a win is a win.
A very pleasing announcement. The statement implies that the Q has been a very very profitable one. Plus, since they have not undertaken he raising that many believed necessary, its they only way they could have the cash required
Ann: Red River Debt Free, page-17
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