MML 2.41% 85.0¢ medusa mining limited

MML Cash In USD?, page-4

  1. 653 Posts.
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    Accounts are in USD, so no FX hit from the revenue line (as far as I am aware).....some of their overheads must be transacted in AUD, they're listed here!!!....so these have become comparatively cheaper throughout the year.....and not sure whether they transact in peso or USD in the Philipines........guessing the locals would prefer USD to local currency, but that is a guess. Not sure what balance sheet items (including cash) are translated to USD. At a guess the big capital purchases would also be in USD.

    But the biggest line with exposure to fx is revenue, and I understand that they sell in USD, so like I said, don't think there is any change to what you see.

    ...and yes, the bottom line is in USD, so the basic eps calc will spit out a USD/share figure....to figure out the multiple you would have to translate first, so the AUD falling away is good thing from that perspective.
 
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