great for cer. aud just spiked to 89.9, page-2

Hey mate,

I just saw it. WOW

Hopefully you can shed some light as i did just a rough calculation and and the difference between the m2m values of all the recent financial reports gave me a value of mid 89s.

The difference between aussie dollar june 09 report and the june 08.
The diffenence between m2m hedge gain at 08 and 09 loss and applied it as a ratio.

So if I am correct then any hedges with CER are now Closed or CER is positive with its hedges with CNP.