Anatol I agree with regards to the AUD depreciation exchange will benefit all resources and exporters as most of them, if not all, are paid in USD. MY personal level for the AUD v USD would be 75c. High AUD is only good when you are shopping on the internet! I would rather have our companies earning more and also the Gov as their royalties are paid in USD- maybe then Henry would not have been so keen to make up some ground with his 40% 'super tax'. What is your opinion with MEO slipping sub 30? Besides being a good buying opportunity? I am just concerned that if the FIRB gives it a boost I would prefer this happened when the share is in above 40 territory. Thanks in advance Anatol
MEO Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
