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Phoenix Water - PXW - Lithium - 100x, page-678

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Astutebio90

195 Posts.

18

04/08/23

12:42

Post #: 69159849
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Originally posted by chuk: ↑

For those that think currency moves might not be that big a deal, if you converted a US$1mill in Aug 2022 at the high, you would have received A$1,400,560.
If you converted around two months later, you would have received $A1,612,903. That's a difference of A$212,343!
Not insignificant!
Even the smaller swings we are seeing more recently, over the last three weeks the exchange on US$1mill has moved from A$1.455mill to $1.532mill.
Still a difference of $70,000 over just three weeks. Still a big difference!

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Which is exactly why I've been harping on about this for a while

The difference between when we first entered (.7463) versus current (.6564) is nearly a ~14% swing, to the positive, for us.
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