These mopes just got lucky! See below. They say the Canadien dollar will drop dramatically soon. Will it also bailout PAL?
“The rand has obviously bailed these guys out quite a lot,” Justin Froneman, a Johannesburg-based analyst at Standard Bank Group Ltd.’s securities unit, who has a hold rating on the stock, said by phone.
You got it backwards. In one of PALs reports they said that a rising dollar has a small positive effect on their bottom line when reported in CAD. On the postive side, they are paid in USD so that translates to more CAD in their report while most of their expenses are in CAD. On the negative side higher USD puts downward pressure on PM which are quoted in USD.
And who is the "they" who are forecasting CAD collapse.