My expectation is that AJM will mature into a 100% coal company. There's been a complete changing of the guard and the new Altura is a different beast to the old Haddington.
The new executive team are coal people based out of Brisbane (the coal-capital of Australia for project management and financial know-how). Join the dots.
The remaining projects are legacy assets from the previous management team. Interesting projects, and Mt Webber is quite significant, but not the real end-game here. These assets will probably be divested, by spinning out a new IPO or by direct trade sale.
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My expectation is that AJM will mature into a 100% coal company....
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