Pattersons are flippers.
The stock is at a record low and about to make millions pa. The stock has a theoretical value closer to 6c than 2c at these silly prices. I think this is a classic case of people looking at the stock price without the slightest idea about what the company actually does at a fundamental level. Happens a lot these days.
Look for a two bagger on confirmation the money from the first export takes place. They tend to get paid within a days of leaving the port. The company could do a buy back down here (it wont of course) its that bloody silly.
SL1 Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
