the decline of the aussie dollar is a big plus for MYX as the revenue for 80% is derived from overseas (mainly US).
with the ausie now @ 95c working on a 10% fall from $1.05 that makes an approximate gain in profits in $A of + 10%
further, its my view that the $A has got at least another 10% to go before year end. so the bottom line is a theoretical total increase to the company value in $A of + 20%.
rather have my $A deriving income from elsewhere rather than aus. at the moment - when its value in world terms is deteriating so rapidly.
gk
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