Ive also noted on Page 66 of the 2008 annual report that CER's net derivatives liability position with CNP was $53.6m
The net liabilities position in 2007 was only $7.9m
The AUD at 30 June 2007 was 84.8 vs 96.1 at 30 June 2008
http://www.oanda.com/convert/fxhistory
If the AUD appreciated in our favour, how could CER be showing a bigger liability in its books?
Yep we got screwed over all right
We need to work out what questions we're going to ask at the AGM asap so we can submit them online. I remember we came up with an interim list a few months back
I think we have a few more we can add now
Cheers
CER Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held