earnings, divs and sp, page-6

I may have missed something in a report.....

but just because they still continue to oddly quote the company cash from the sale in USD why does everyone assume
that cash is still actually held in USD...

They had no reason to continue to hold in USD and in fact
its just trading policy to do prices in USD ...there is no reason why they would'nt have received their funds in AUD after payment to their Bank....
..after all....were'nt all the Bank debts paid out...if they owed US banks they would have paid in USD...Aussie Banks in AUD.....
with all the hype about cash held in USD one would have thought by now that OZ management would have come out to clarify this situation...

one would also ask if they did continue to hold in USD..then did they take out hedging..

.....as I said I may have missed part of a report stating that they actually hold all the cash in USD and have never converted to home grown AUD...where they are based and need the cash....maybe someone could ask OZ to enlighten us...
mind you a lower share price is good for the new boss when he buys new shares from his pay check ever month...but I doubt thats the intention....
...as for copper sales are they fixed price sales or floating...I read somewhere they were fixed...but journos are so unrealiable...
\as for the present share price...to low...seems to come down on decreasing volumes...and those bot buys and sells are so damm frustrating...