17th December the $A is now at 81 .81 ......
since most of SDI 's income is from the US and some also from Europe, the lower $A will make an enormous difference to SDI's income in $A , profits, and hopefully share price.... and what's more the momentum for our currency is still strongly down......
silver is also well down now at $US 15.87 - that's getting down to lows that we haven't see in a long time....... so the cost of SDI's amalgams (a good percentage of their sales) will be significantly reduced ...... SDI is one of the biggest user of silver in Australia , and purchasing silver with australian dollars is an even a further added bonus....
gk
australian dollar is at 81.81
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