JP - its a good point.
Trying to account for FX was too difficult so i left it out. The stress test was to show there was enough in the cash account for things like milestone payments and FX. Im hopeful LVT will manage their cash in USD/EUR/DKK/CHF vs trade receivables and payables etc. Hopefully the bulk of any FX impact after that will just be a translation issue as breakeven gets closer?
I dont have access to any broker research, does anyone (Citi etc) which might have some FX sensitivities?
JP - its a good point.Trying to account for FX was too difficult...
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