oz dollar bellyflops

People were moaning about the directors of CER not talking up the positives of the strong Oz dollar and instead pointing out the loss of earnings with each 1c rise.

Welllll, the dollar, after hitting 94c this week, is languishing down at 90.9c at the time of writing.

So, if we follow the directors guidance, this is hugely positive for CER. Even better is that CER closed out a hedge just as the dollar peaked (very cool timing :)

Does this mean we can make those silver lining predictions about CER's performance next week?

Let's call it 22c...surely CER can manage that much before the end of the month?