Hi Walk...you are probably the right person to ask this question.
From a US perspective, do you think that the current sell off could be coming from your side of the Pacific?
If I was an American investor holding Australian stocks and watching the exchange rates kill my profits I would be likely to consider dumping Aussie shares and repatriating my funds before the cross-rates deteriorate even further.
I realize that FAR will grow on a USD denominated commodity and that will be good for FAR in the long run but if I am a current holder looking at all my Aussie investments I would be considering a sell down and buying some hometown stocks that are moving well along with a strengthening dollar....especially if I am a hedge fund.
Thoughts please?
Hi Walk...you are probably the right person to ask this...
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.5¢ | $97.33K | 190.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26752 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 109917 | 4 |
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| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |