Agree that CRN unlikely to buy assets in Australia due to competition from cashed up domestic peers and better value and lower risk in US. If so, the quicker CRN announce they are out of the running the better. Optimise existing assets and sell the coal.
Q1 production in impacted by 130mm rain in Jan and the rail derailment in Feb. Feb rainfall only 2.2mm. Weather station rainfall not published from 20 - 29 March, so not sure about those 10 days and whether we can rely on the monthly total of 2mm.
So expect production and sales in Q1 to be softer, with (likely) better volumes in (likely) drier months ahead.
Agree that CRN unlikely to buy assets in Australia due to...
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