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0.00% 0.0¢ marion energy limited

re: australian dollar Greenholly,The A$/US$ relationship is...

  1. Hotdog66
    224 Posts.
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    24/01/09
    15:05
    Post #: 4725284
    re: australian dollar Greenholly,

    The A$/US$ relationship is irrelevant when you are talking about a loss. You could say MAE's losses in Zimbabwe dollars are astronomical but that is irrelevant as the company's expenses are in US dollars.

    The only time the A$ matters is when there is a return to Aussie shareholders i.e. a dividend or sale.

    Please correct me if I am wrong...
    MAE Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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