If the US Dollar devalues, nickel prices go up which is good for Albidon. In addition, the company's debt load is in US Dollar which means that a decrease in the dollar would decrease the nominal value of the debt. This would also be good for the company. Part of the production costs is also in USD, which would also help Albidon. If you hedge your initial AUD investment, you would be immune to any appreciation in the AUDUSD unless the share price performs poorly (which it shouldn't given the above). A depreciation in USD would be good for Albidon.
q report, page-17
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