OXR oxiana limited

a question.,OXR made a loss in 2004 because of adverse currency...

  1. 1,820 Posts.
    a question.,

    OXR made a loss in 2004 because of adverse currency movements, higher the AUD$ against the US$ is bad for oxr right.

    So say Gold moves to US$500 and the AUS$ goes to say .85cUS, that hurts OXR bottom line right??


    Cant OXR hedge against a stronger AUD$?
    to stop all this currency exchange losses.


    So what can oxr do to not have another minus(-) EPS year next year if the AUD$ continues higher.


 
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Currently unlisted public company.

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