I'd like to add, accelerated US interest rate hikes increases USD value over AUD. We produce using AUD and get paid in USD. Increase in profit.
If RBA does decide to follow (RBA hasnt indicated), then we are a lean, zero debt company. While some of our competitors, not so much.
Lets say Tesla finds itself in boiling water over debt issues compounded with hikes.. We still have a communist government at the wheel of the biggest supercycle in a long time - key commodity is our product. Im sure everyone knows about the pollution problems that remain endemic in China.
GXY Price at posting:
$3.04 Sentiment: Buy Disclosure: Held