I might have to eat my words on complaining about the decision to take out the US$130M loan rather than a pay up front with the cash we have.
I didn't take notice that the loan was in US DOLLARS !!
As most of you know, with the US debt at $17 TRILLION, the US$ is weakening by the day with no end in sight - yesterday the US treasurer said they would increase buying of securities from $40B to $85B per month which translates into the government just printing more unbacked dollars, bigger debt and more inflation.
Just watch the AUD/USD exchange rate ($1.04 yesterday, $1.05 today) and see how the loan is already decreasing in AUD terms.
i don't want to winge but..., page-2
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Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.5¢ | 25.5¢ | 24.0¢ | $861.7K | 3.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 117457 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 50173 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BCI (ASX) Chart |