Bradley Dodson: Well, our safety team stays on at almost 24/7. None of our assets thus far have been — well, this quarter have been at risk. However, what has been at risk is supply chain and communications. And so we have been watching that closely. We’ve been working with the local municipalities and our clients to make sure that if there are the evacuates that we can help where needed. And so — but actual fires endangering our asset not since we had a 48-hour evacuation of customer asset that we were on back in April, May. But we haven’t had anything that serious since then, not onward.
Steve Ferazani: But you don’t think that affected customers’ decisions on whether to do further?
Bradley Dodson: No, I’m sorry. No, I don’t think that impacted. It’s more — well, we have one customer that’s very cost focused right now. So that’s impacting their spending, another major customer, I believe it was availability.
Operator: [Operator Instructions] The next question is from the line of Dave Storms with Stonegate.
Dave Storms: Just want to start with the client that’s adjusting their scope. Wondering if you could touch on kind of what drove them to adjust that scope and reduce their CapEx? Is that something that’s an indicator of the macro demand? Or is that more customer specific?
Bradley Dodson: Okay. That is specifically related to the village security improvements that we’re doing down in Australia. These were done at the request of the customer as they try to bring the rooms that we own and run in line with the security enhancements they’ve done at their own villages — that their own villages. And they decided to change the scope on that. I guess, because of the way the costs came in, to be honest. So — but the whole thing is fully funded by them.
Dave Storms: Got it. Got it. I just want to make sure that wasn’t — macro [ph].
Bradley Dodson: It’s not — no, that was not — it’s not a read-through to macro.
Dave Storms: Perfect. And then I know we kind of touched on it already, but just if you could talk a little more about the rates coming up, both seasonally, sequentially and on a constant currency basis. Is there anything specific that’s driving the average daily rates in both Canada and Australia markets other than just like the tightening in the Bowen Basin?
Bradley Dodson: Clearly, the tightening of the Bowen Basin for there is the most significant factor.
Carolyn Stone: Also CPI adjustments.
Bradley Dodson: And then CPI adjustments related — it’s part of what’s covering the inflation.
Dave Storms: Perfect.
Bradley Dodson: The base rates are kind of flat before CPI adjustments.
Dave Storms: Understood. I appreciate that. And then just one more, if I could. On the M&A and acquisition front, are you seeing anything in either of the markets, I guess, more specifically, the Australian markets are things starting to soften any movements there?
Bradley Dodson: No. We’re looking at in Australia, more one-off asset opportunities. And given the activity levels it is not softening. So we’ll have to see how that plays out. We continue to pursue it. We’ll see if — if that we can reach a reasonable transaction. In Canada, I would say that we’re starting to see some asset transactions available, but nothing as significant or as potentially near-term is what’s in Australia.
Operator: Our next question is from the line of Stephen Gengaro with Stifel.
Stephen Gengaro: Just one for me. Would you be willing to give us a stab, what 2024 looks like? I know it’s early.
