first, they'll have more than one account setup for funds. heck, ive got about 9 and this is just within my family.
second, they'll have an operational account to pay for day to day expenses, and this may be
third, they'll have another account for major purchases
fourth, they'll probably have an account for gst/tax purposes.. to keep this separate from operations purposes.
dont forget, each member on the board has a specific role. one of them (cant remember who) is the cheif financial operator -- and he'll be responsible for all these financial structures (and more), plus obtaining the financing to pay for MFC. he'll also get the accolades when he secures the financing.
the bottom line is, where the money is held at any one time doesnt really matter, cause in the end, how much is in aud or is usd really 'depends' on what the money is used for. plus, it'll probably be held to take full advantage of currency fluctuations.
at the end of dec, they're not going to transfer 20 mil from their US accounts back to AUS to say - here it is guys, we have 30 mil aussie in our accounts. they'll need that cash to prepare for next season....
they'll probably say we have xx mil usd (which is equiv to xy mil aus) [at time of printing].
thats my thoughts.
BRT Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
