Given all our contracts are based in USD though - would it be fair to say we are paid in USD as opposed to forcing sellers to convert to AUD? I think buyers (typically) would rather the seller take the FX risk. Therefore who's to say "Oracle Ken" wouldn't of foreseen a drop in the AUD - and held onto the USD until such time to convert to AUD?
However I absolutely agree with your sentiment the lower AUD = more coin for us.
* PLS - $2.83 - by 31 Dec 21. Updated *, page-11
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Last
$2.98 |
Change
0.110(3.83%) |
Mkt cap ! $8.969B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.10 | $2.95 | $98.90M | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16986 | $2.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.98 | 175531 | 5 |
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| PLS (ASX) Chart |