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Gold/Mining/Energy : Gasification Technologies
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To: A.J. Mullen who wrote (1618)4/16/2011 3:23:02 PM
From: Dennis Roth   of 1740
 
>> so subject to the movements of the Rand. Their earning are mostly dollar denominated while their costs are largely in Rand.
<<

I understand. I own shares in Canadian oil and gas companies with the same
kind of problem. Their costs are in the appreciating Canadian petro-dollars and their earnings in dollars. You'll have the same problem with Brazilian companies too. You'll have the
same problem with any company earns depreciating dollars
and have expenses in a sound currency.
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