I can see this heading to low 6's. Somewhere just above book value would also be possible. Why because, I can see nothing stopping the AUD rise in the short to medium term. This stock is trading like an inverse of the AUD. There is nothing more to it. Gold, Oil, Equities, AUD all have this further run as I see it. There is no way I would be buying this in the short term.
I can see this heading to low 6's. Somewhere just above book...
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