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aud decline helps sla

  1. Jannie
    551 Posts.
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    09/10/08
    14:15
    Post #: 4366004
    So we price Ropren in USD, and the AUD has declined in value relative to the USD massively.

    I went to the US in July this year,
    1 AUD bought about USD 0.94

    Now

    1 AUD will buy you USD 0.68

    CONSEQUENTLY, if and when we make significant sales (priced in USD)our profits will be boosted by a fall in the AUD.

    BRING ON REVENUES
    SLA Price at posting: 30.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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