Gooch, Interesting point you make - US investors exiting the weakening AUD. I was just looking at AUD:USD FX in the context of other investment categories. Worst thing is that this impacts on the mark as a whole. On the upside the CBA forecast for a real depreciation in the AUD is not until after 2014 See below: Year 2012 2013 2014 2015 2016 2017 USD:AUD 1.032 1.04 1.038 0.958 0.9 0.898
Expectation though is for Kitto et al to outperform the exchange rate fluctuations and overall market through strong management and project delivery: Underpromise - overdeliver. Have not really seen much of that lately!
Recent drill results were just in-fill. Good stuff, but as expected.
AMX Price at posting:
47.5¢ Sentiment: Hold Disclosure: Held
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