inevitable fed tightening might save the day

with QE2 ending at end of june it is inevitable that the president will have to bow to congress continued demands and tighten US monetry policy by
-allowing the artificially low rates of interest to be governed more by market forces.
- and to cease the printing of money.

both of these inflation reducing measures should put downward pressure on the $US and hopefully by the end of july we may have a deal with the $A being below $A 1.05

the downward trend seems to be starting now, although this is also being helped by the flight of eros into $US

if not, we will have shares in a company with a strong positive cash flow, and which is likely to
- pay at least a 3c. dividend to the current loyal shareholders
- and in FY 2012 will have significantly increased profits due to more oil wells, a reduced hedge cap,and no loan interest to pay.