LGL lynch group holdings limited
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G'day Curtp.You say,"selling into a rising gold price", but it...

  1. lockitt
    8,518 Posts.
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    22/05/09
    19:50
    Post #: 5195941
    G'day Curtp.
    You say,"selling into a rising gold price", but it is not a rising gold price for LGL as they operate in Aussie dollars.
    They sell their gold in US$ but when they convert back to Aussie dollars they get far fewer Aussie dollars, for their US dollars, than they were getting a couple of months ago.
    That is the main reason for the share price holding back from running with the rise in the US$ gold price.

    Kind regards

    Lockitt
    LGL Price at posting: $3.20 Sentiment: LT Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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