I think one of the big watch outs also will be the AUD vs. USD
With the recent tankage in AUD$, its businesses like A1M who trade with the underlying commodity being in USD who are probably one of the few winners with a such a reduction in currency.
Example is below - when copper prices were back at $4.62 per pound USD in July last year (& respective FX of that day), with the current FX as at today & copper price at $4.21 per pound (depending on where you get your source) there's only a $0.06 per pound AUD difference.
A lot of moving parts with copper though probably the one positive we can take away from a poor performing AUD...
A1M Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
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