Maximus, I wouldn't be too disheartened with the UK dropping down in price. Keep in mind it was only last month that the GBP was trading at about 1 GBP to 1.53 AUD, which has now stretched out to 1.65 due to the falling Aussie dollar. Do the conversion of 12.25 p x 1.65 = 0.2 AUD roughly. So if anything part of their falling SP can just be a matching up of the AUD decline. Heck go back 2 months into April and you'll see 1 GBP = 1.45 AUD! Keep in mind that with the falling AUD, profits in oil for us is even better. Oil can drop 20% in price but the AUD could drop 20% against the green back and counter that.
TPT Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held
