The report states: "The next step is to conduct a series of field trials that should commence early in the North American spring inMichigan for ease of access to Somnio technicians.Successful field trials should result in a commercial product available for market."
Apologies if this is a bit of a dumb-ass question...
I've come across a couple of articles suggesting the Australian Dollar will continue to fall through 2019 due to caused such as: (a) low interest rates, (b) downturn in Chinese manufacturing (c) upcoming Aus elections. I'm wondering: if it transpires, how will a falling AUD exchange rate affect manufacturing and sales in the US for PO3?
The aud/usd is currently around .71 usd. Wouldn't PO3 as an Australian company also benefit if the AUD falls further? Although I assume US production will cost more AUD, I also assume that the bulk of the sales of FRG water purification will be in the US and also that sales in the US will be in US dollars. Or would the company hedge it's funds against movements in either currency?
It's certainly not a make-or-break detail, but just curious about it and wondering if anyone has any clarification on how this will work in the case of PO3. A shift from .71 aud/usd to .67 aud/usd is around 5% so it does make a difference.
Thanks!
PO3 Price at posting:
$4.45 Sentiment: Buy Disclosure: Held