Market ConditionsChallenging conditions for the steelmaking coal markets are expected due to surplus Chinese steel imports, global trade tensions, and weak economic activity.
Project DelaysWarrior downplays timelines and the likelihood of a second longwall at Blue Creek, indicating it is likely years away.
Valuation ConcernsThere is caution about whether the shares are now expensive and pricing in too high a met coal price given the cautious price outlook.