news, page-21

Hi septic1 - I dont believe ITD doesnt any form of currency hedging - Well not when I spoke to Bill.
He didnt believe it would benefit ITD.

I dont presume to knoe there currency conversion practices but I do do know that if they proclaim they are being damaged per % increase in the value of the dollar they must correspodingly gain on an increase in dollar value.

I would assume they are smart enough to hold earnings in USD until the auzzie weakened against the USD - (Bar whats required for operating cash flow).

There will bve gains made.