The “Exchange Rate adjustment” of $152K in Sept and $309K YTD.
I have enquired and in the annual accounts ARW has in excess of 5 Mill U.S. Dollars in the USA Company this is primarily the “Energea” Licence. The Appendix 4C rules states that this should be realigned with exchange rate variation each month.
NOTE. I am expecting a Major realignment in October.
Therefore the “Exchange Rate adjustment” has nothing to do with the Australian Bio production Profit & Loss its USA Asset revaluation.
Thrust this helps.
I understand Max is currently overseas.
Please do your own research.
TEK Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
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