Just been reading the latest interview with GW. The last three paragraphs, republished below, are interesting. Can anyone hazard an educated guess as to what this would mean for Australian domiciled shareholders whose stock is listed on the ASX? Any thoughts appreciated.
"Wusaty added that Coalspur will keep its dual listings in Australia and Toronto in the short term even though the bulk of its coal development costs are in Canadian dollars, and its reported results in Australian dollars.
This translation risk would be magnified when the mine starts up, as seaborne coal sales are denominated in U.S. dollars.
"Once we get through the feasibility study, have board approval for Vista and are headed for production, then we will address the Australian Securities Exchange listing," he said.
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