that's right jgroe,
The lower the dollar goes, the better for the profit bottom line. Hoping that predictions of mid to low 80c AUD occur as that would mean a huge windfall for GBG....so long as the IO price doesn't fall.
For what it's worth, my tip for IO to go over $150US although all the "joke" world bankers and stock analysts have been predicting a significant drop of the IO price for about a year now.
My mantra has always been, do the exact opposite to whatever the research houses tell you.
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