Muyakea: The spirit of the Hot Copper forums is that we all hope...

Muyakea: The spirit of the Hot Copper forums is that we all hope to advance our knowledge by respectful discussion and building on each others ideas. There is no place for statements like "RUBBISH", or forked, unsubstantiated logic like: "So either the company is telling porkie pies in their published data or they are to you." That is a bit like the trick legal question, "Have you stopped beating your wife yet".
You will learn - statements like the above - put you at an immediate disadvantage - they let you paint yourself into a corner. The homilies you should have learned as a child such as "look before you leap" or "fools rush in where angels fear to tread" all have a role in teaching manners and logic and all apply to this situation.

Your argument failed totally - Your key mistake was not being in full possession of the facts. YOU STATED: "Nearly all their revenue comes from China, [Agreed in general terms] those contracts are in $USD." This is NOT SO!
For your information all sales made in China are in CNY as the Government does not allow local trade in USD. Chinese receipts are currently held by UCM in CNY and transferred to AUD or other currencies as required. They may never find their way to USD.

So what you have done in your post is make an incorrect assumption, based on not being in full possession of the facts. You have used this assumption, and an aggressive tone, to support the prediction (in error) of an approx 20% hit to revenue for UCM. Then you use fractured logic to deduce that the company [UCM] is telling porkie pies in their published data or they are to "you" [me]."

You obviously have a good mind and a lot to contribute to this forum. I am sure we will all think more of you if you learn from your mistake and apologize for the aggressive tone in which your argument was put.

I do not dispute the statement quote from page 3 of the document filed with the ASX on the 13th of July :
The Company achieved the Q4 results despite ~$287K foreign exchange losses and ~$123Kcapital growth spending on components for product manufacture and sale in FY 2021. ..... This was a one off situation and not relevant to ongoing processes.