Thread: My Aussie Ceo

After Post 969 from Coolespirit this morning in the news thread AT RC. A major light bulb came on with me say "stupid stupid stupid while hitting my forehead"!!! this was around 5am Texas time this morning.
So after everybody grab some coffee this morning - two of our WONDERFUL Fx traders here in our RC family went and compared CBI rate to usd/eur rate. Here is what Coolespirit was talking about in post 969 :

Black = CBI dinars
Red = Federal Reserve Bank usd/euro
16 16-Jan 1,320 1,308 1.2918
17 17-Jan 1,319 1,305 1.2926
18 18-Jan 1,319 1,300 1.2942
19 19-Jan NO AUCTION 1.2968
20 20-Jan NO AUCTION 0 0
21 21-Jan 1,314 1,300 50,755
22 22-Jan 1,310 1,298 1.2957
23 23-Jan 1,309 1,295 1.3025
24 24-Jan 1,308 1,295 1.2964
25 25-Jan 1,307 1,292 1.2980
26 26-Jan NO AUCTION 0 0
27 27-Jan NO AUCTION 0 0
28 28-Jan 1,306 1,292
29 29-Jan 1,292 1.2948

OK now I only had time to go back to Jan. 16th but I think y'all get the idea of what Coolespirit was saying. CBI "IS" RUNNING ALMOST SIDE BY SIDE TO THE DOLLAR. HMMMM

That is when I emailed my Aussie CEO because now it made sense what he was "trying" to explain to me the first of the month and all the news articles that say "dinar to the dollar". He replied back a few hours later.


"Thank you for your questions, I hope I can explain my answers for you. The CBI rate to the Dollar? - This is what I was explaining per our last chat. Iraq has stated many times that they want the dinar equal to the dollar. I can understand the confusion on your part thinking 1 for 1. But by your own research team you now have a clear understanding what they are truly saying." ( OK if it RV'd on Jan. 29th the CBI rate is 1292, usd/eur is $1.2948 = RV amount $1.29.)

"Our contracts with Iraq? - Yes our contracts are wrote, but the price has not been decided. We can not work a price since our contracts fall under the FIL. All FIL contracts are per dinar currency and that has not been finalized. I will be traveling to Iraq before Feb. 23 to finish the pricing for the work my crews will do. Our crews are still schedule to leave for Iraq in Feb." (With him traveling to Iraq would only be because it has rv'd and they can set the rate for the contracts.)

"My option? We have had new contracts since first of November but are still waiting. I believe your coolespirit is dead on and CBI is really starting to worry a little with the delays. I would think that is why we see "no auction during the week" for a few days so that CBI can stay with in their plan for the RV. I feel this can not continue or the CBI will be in bad shape at the time of rv, if it was at a much later date. As I warned you at our last talk, be careful getting to close many people are watching!" (FARMMMMMMMMMMMM JIGGGGGGGGGGGG)

Here is a bit of History how this all started: The crews were to leave in October because in Plan A the RV price was set - but they changed them. The bugger (in a good way) will not tell me what the first RV price WAS!! but his first contracts had the price in them, but was waiting on the FIL. So since they changed the RV amount in August - his contracts got deleted - Then they re-wrote contracts but no price this time.

Also he said he would try and let me know if his trip will be canceled - he said he will not go if it has not RV'd.

SO WITH EVERYTHING THE LAST 2 DAYS - RV AROUND THE CORNER!!!!!!!!!

F A R M JIGGGGGGGGGGGG
EVERYDAY TO THIS "ONCE" IN A LIFE TIME EVENT!

CHEER
CHRIS