RE:RE:Continued currency weaknessThe same can be said for the agricultural products that Brazil is exporting in growing volumes, so perhaps in the longer run (post Covid) there is a fair possibility that we may see the Real strengthen and reverse the current trend. This would be reflected in better comprehensive income as the reserves booked for past currency devaluations are unwound.
This would then be a nice tailwind for the reported numbers on a year over year comparison.
78,000 shares traded to noon today, $0.75 to $0.77, which continues the positive market atmosphere ahead of the Q3 numbers release next week. We are sitting at 40 orders bid for a total buy depth of 310,345 against 49 open sell orders for a total sell availability of 386,200. AVergae weighted buy is $0.59 against average weighted sell of $2.38. If you wanted to purchase 200,000 shares at market right now you would move the current order book to a price of $1 per share.