Graham,AUD has everything to do with the fortunes of...

Graham,

AUD has everything to do with the fortunes of Paperlinx.
All profits / losses have to be converted back to AUD in the financials.

Jarrod Poole of Paperlinx quoted a cent exchange rate difference had $... affect on profit. By far the most money is made in the UK and oversea. The Aust entity is small compared to the overseas earnings.

PaperlinX is one of the biggest share plays on the ASX for FOREX investing.

The 3 new directors seem outstanding to me.