Sorry Tinny, I forgot about the exchange rate - you have a valid point there. The government is worried about the strong A$ as it means local exporting companies/farms will get less for their goods = lower profits = lower tax revenue.
The government might try and lower the A$ value - I see that Gail Kelly (Westpac) says that there is upward pressure on the A$ - so I don't think anyone is sure which way the A$/NZ$ is going to go but as they say, a bird in the hand is worth 2 in the bush.
- Forums
- ASX - By Stock
- PRC
- hydromining and options
hydromining and options, page-5
Featured News
Add PRC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online