Great analysis. The last load of hedging was an absolute free kick for Macquarie. Zinc prices had run massively up to that point while we were in a trading halt but he secured very low prices selling us out, presumably to get the Lyell deal over the line. Patrick is certainly no King Midas. Usually only sticks his head up for the quarterly and sells a great story. Where’s Patrick? I’m sure he has a solid gold parachute.
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