QLD operations have ceased, just rolling off unless New Acland 3 gets approved which is a question mark post election.
Japan contract has rolled off hence April average was $326 and May should be tracking above that. Rain in Q1 was epic in the hunter so not entirely unexpected. That should be rolling off and hopefully covid issues too. Still absolutely printing. A poor quarter has them trading EV/EBITDA of less than 2.5x. Where else are you getting that (outside coal) with a tight market background?
Ann: Quarterly Activities Report, page-9
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$4.94 |
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