Good spot there, and well done management for getting the deal done.
The only drag I see at present is the lack of movement with the Tabalong project.... the soverign risk in Indonesia has proved costly. As such I am glad that management didn't put all their eggs in one basket and flog of Mt Webber to go all in on the coal front.
Even though the Morgans report suggested Altura would get more investor recognition from a more specifically targeted resource approach I like the current divestment strategy..... even if it has taken some years to come to fruitition.
AJM Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
