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0.00% 2.9¢ gindalbie metals ltd

directors -buying -to calm irrate lt holders, page-24

  1. ConfusedShareTrader
    2,942 Posts.
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    12/12/12
    15:15
    Post #: 11179576
    If I borrowed $1000 in US when AUD was 80c...then I would need approx $1200 AUD to make an equiv. $US amount.
    However now that the AUD is stronger, I only need to pay back about $980AUD to pay back the $1000 USD........I'm 20% better off...this is how foreign currency exchange works......you obviously beleive their spin.
    GBG Price at posting: 24.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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