CRN +5.94%: a strong day for the coal company with the 4th quarter production coming an ahead of expectations. Saleable coal production for the full year of 17.4mt was slightly ahead of 2020, and a small beat to guidance that was revised lower in December. Revenues were strong and Coronado managed to finish the year with a net cash balance of $US123m, extremely well-funded for growth and capital returns for shareholders – we should hear more on this front at the full year result next month, the same will likely happen with Whitehaven Coal (WHC).
MM remains bullish and long CRN
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