we are now in derivative writeup territory

Just thought I'd note that the exchange rate is now at 0.6954.

The exchange rate used by CER for 31 Dec 08 was 0.692.

For the first time in a while, we are in derivative writeup territory.

The exchange rate has appreciated significantly in the last 2 weeks.

Please refer to my recent posts on the benefits of an appreciating AUD.

QUite frankly, Im going to continue focussing on fundamentals. If the share price closed at 1c or 10c or 20c today, my posts would not change tone unless some news was released by the company that leads me to alter my opinion of the company.

I am still as confident as I have always been.

Cheers