Possible I guess, but if they did I suspect they'd only have partially done so, and then perhaps only after FIRB approval.
I guess also if they did hedge, it would indicate both keenness and confidence. If they are that keen then they could now lock in an equal or greater amount of AUD for there infield development costs etc. The whole development gets cheaper in USD terms.
Today's sp will be driven by global factors, the fall on the DOW and the withdrawal of $ from Australia as indicated by the AUD fall last night. Bloomberg has an article on the massive unwind of the AUD/Yen carry trade.
I expect an entirely red portfolio today, but I don't expect to buy or sell anything. Reluctant to buy anything with the RSPT, and mostly what I hold is already too sold off.
EL
AOE Price at posting:
$4.64 Sentiment: Hold Disclosure: Held
