i still believe that a rising AUS$ is detrimental to our...

i still believe that a rising AUS$ is detrimental to our interests in NHC...the profit margins with an increasing AUD are getting eroded...sure, the asian customers are now finding it cheaper to buy our coal but when the NHC directors report their financials, the AUD profit margin will be remarkably weaker...since the value of US$ is much lower now....also, NHC cannot willy nilly increase coal exports and port capacity, it needs to first find buyers for coal, then needs to ramp the coal output (presumably thru New Acland) and then port capacity constraints will also come in play (am unsure whats our capacity)...thermal coal is used in power plants...hence a set amount of coal is required most months( ie just because you can produce...All in all, what i am saying is not to disregard the value of AUD to USD...the only way out is if our directors can negotiate a higher coal prices in USD with our korean, jap and chinese...but then again chinese yuan and most asian currencies are pegged to the USD