It basically likes the appointment of Robertson, and rates the...

It basically likes the appointment of Robertson, and rates the company as a "speculative buy". It also compares ATQ with the other coal companies on the ASX, and notes

"ATQ resource is valued towards the bottom of the valuation range compared to other ASX listed coal companies, which we consider rather strange when the superior calorific quality of Nkaga coal is considered, the fact that 50% of ATQ's current resource base is in the measured category, and the likelihood of resource increase to 400mt (ATQ share 240mt) in the near future".

ATQ's position in the graph is just below Bandanna and just above Kangaroo Resources (in which I also hold shares, incidentally).