re: Ann: Quarterly Report for 3 months ending...
Some simple calcs based on the post from horsetrader1
for $200 million for further work at PH.
Has to be in A$ for AU work...
$US rate 17/06 0.7960 10/06 0.9193
(source http://www.oanda.com/convert/fxhistory)
A$200M needed U$159 back in June
Now it needs U$184 today
That is a US$25M difference which is equivalent
to A$31 (June) to A$27 today.
As much as it disgusts me you have to pay execs extra to do their job perhaps we have to offer OZL execs and board members 10% of the currency rate savings and increased libor to do their job ?
Currently the potemtial losses on the cash exceeds a whole quarter of production profir, impressive.
Especially when you consider the rates have done what the market said they would.
Cheers
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re: Ann: Quarterly Report for 3 months ending... Some simple...
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