We have already locked in the exchange rate.
"The equity funds that Kentor is holding have been transferred to the correct amounts of both US dollars and Euro needed to build the project. This was done to ensure that the Company is not exposed to future currency fluctuations. Very attractive rates were achieved for this with the transfer to United States dollars completed with the Australian dollar in excess of parity"
But I guess the $50mil debt facility is still in AU$?
good news coming soon, page-15
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
