AJL have squandered the monster profit from their coal divestment a few years ago. Management have blown over 160m on poorly executed takeovers/aquisitions. Chuck-in some bad luck in UK and this share price continues to spiral down. AJL still have dominant position in NSW CSG and Mitchell drilling strong is Surat basin. ASL are looking to expand into this arena. An ASL TO of this turkey wouldn't surprise. Best thing that could happen to hapless holders imo.
AJL Price at posting:
$1.35 Sentiment: None Disclosure: Held
