In just 3 months this has gone from $1.08 to 54 cents, so hardly an assumption it's an alarming fact.
Hey, that's a classic Fibonacci 50% reversal so maybe hope yet?
Not just about the currency, re read Samantha's statement about the alarming drop in sales of Amalgam products(once their bread and butter) and how the decline will continue.
Also her almost desperate plea on how they need to find new products.
And as 90% of their revenue is $AU dependent why, oh why didn't they hedge?
To me that is very poor financial management, even speculating with your money.
With RBA Gov'Lowe today strongly hinting rates are going up this year and Westpac today calling for 2 rate hikes within the next 6 months and commodity prices booming again the $AU is going one way.....and it áint down.
It will get worse for SDI, a lot worse.
Ann: Media Release December 31 2016 Results, page-25
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$1.06 |
Change
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Mkt cap ! $111.1M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $68.79K | 65.59K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93344 | $1.06 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 450 | 1 |
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