may day may day come in over, page-67

Yesterday I commented ..."If the "spooking" caused by the the rise in the AUD indeed was the primary cause of the last fortnight's falls in PLV sp, then the 2.5% softening of the AUD since its high of USD 1.10 night should favour plv and other iron explorers over coming days, fingers crossed."

Well, after last night and another 2.5% softening to 105c, we are almost back to where we were before the PLV rot set in, Hopefully this will result in being fully "despooked" today! If so, it's probably a good thing to have post PFS (less than 3 weeks to go!) negotiations conducted in a more "normal" currency environment. USD/AUD parity would be even better still.

rose coloured glasses, perhaps!