Exactly sowens!
The main point against the FUD crew continuously citing the Argentine inflation is that at the same time the Argentine currency, the peso (ARS), has been losing its value extremely fast against the USD (and many other hard currencies).
LKE's income and their future debt will be in foreign currency, most likely in USD.
While the inflation in Argentina is high, the USD gained about 780% against the Argentine peso just in the past 5 years!
That is, 1 USD buys 8.8 times more Argentine peso today compared to 5 years ago:
LKE towards TOP-5, page-16654
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Last
5.6¢ |
Change
-0.001(1.75%) |
Mkt cap ! $93.12M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.8¢ | 5.6¢ | $86.01K | 1.522M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 1361488 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 419737 | 4 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.001 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.6¢ | 1409092 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| LKE (ASX) Chart |