Cdn $ vs US $ with respect to ARU

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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ahead12

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Cdn $ vs US $ with respect to ARU

in response to

Re: Does this look managed?

Joltin

posted on Feb 29, 2008 01:46AM

I'm curious on thoughts regarding ARU and it being in Ecuador.

My sense was because Ecuador using the US Dollar we have no foreign currency risk at the producing and selling level.

IE. All costs in USD and all Revenues in USD.

We have a translation to CDN on the Profit at that point but we dont really incur any CDN costs except a smalll head office.

I now foreign currency gain/loss has been a real issue for companies that are operating in non US currency.

Here's an idea, maybe we should all go back to using the common currency of Gold????

Anyway, I'm curious on insight of FX risk if any know beyond translation of profit

Regards

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