If have look on the development of debts versus free cash for 2012, I´d say not very promising...
Debts versus cash development in 2012
Q1: -117 vs. +47 => -70
Q2: -129 vs. +31 => -98
Q3: -156 vs. +50 => -106
Q4: -147 vs. +37 => -110
The prices they receive for zinc and lead hedges are at least pretty much in the middle of the lowest and highest prices mentioned for Q4. In my opinion nothing special but I agree it would have been interesting to get more on the why?
And, yes, a profit is a profit but how much? 5,4 MAUD after tax after 6 months => 10-15 MAUD (?) compared to ~250 mcap with the mentioned outlook, I think there are better opportunities in the market...
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