adding some further thoughts i read just a few days ago that the...

adding some further thoughts

i read just a few days ago that the fx futures were puting aus. reserve bank int. rates at 1% lower than curent over the next 12 mnths. that would push the $A down over that period .

locals are forcasting a couple of bites of lowering of int.rates over the year, due more to own econmic needs - reinforcing the fx. futures position.

if amu believes this is a very likely scenario then it would be in no hurry to accellarate buying untill towards the later part of the 12 months buying period - which ends 30th. november , i think

which means we are going to have to be a little bit more patient for some share price appreciation.

GK