GXY 0.00% $5.28 galaxy resources limited

"So with the fx rate now going even higher to 64.5, there will...

  1. 200 Posts.
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    "So with the fx rate now going even higher to 64.5, there will no be positive consequences"


    Agreed - it's a dud!
    But as a balance sheet item probably isn't going to shake the walls too much this quarter


    Important thing is to just keep tracking it - current FRN FX face value loss this quarter is less than A1c per share (0.7038c)

    This quarter it has likely depreciated approx US$1777000 = A$2881939

    A$2881939 / 409480000 shares on issue = A 0.7038c per share



 
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