ALK 4.76% 50.0¢ alkane resources limited

Capex and U.S. /Aust exchange rate

  1. 46 Posts.
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    i note that the capital expenditure on the front end engineering design has gone from $1 Billion to $1.3 Billion in the last 2 years mainly to do with the Australian dollar going down. That is a 30 % increase and heading in the wrong direction! Can anyone explain why our capital expenditure is in U.S. Dollars. Are we purchasing it offshore?
 
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52.0¢ 52.5¢ 49.5¢ $1.113M 2.177M

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