ALB 0.00% 5.0¢ albion resources limited

ITS you must be an American because only they would believe that...

  1. 79 Posts.
    ITS you must be an American because only they would believe that the US dollar rules the world. The New world order is changing fast and they are being left behind.

    Considering that this is an Australian company and that these shares are bought and sold in $AUD on the Australian stock exchange, the Australian dollar matters especially when it current buys $1.05 US.

    Clearly every cent the $US devalues so does Albidon's bottom line in Australian dollar terms assuming the Nickel Price is constant. You simply cannot escape FX risk by burying your head in the sand.
 
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