Patersons last research note on VXL's website is dated 22 July 2015 and had a 12 month rating of BUY and a price target of $0.51. Well here we are on the 22 July 2016 and its all ended in tears.
Interestingly Patersons has since moved on to BSM and are funding their graphite mine development. Have a look at the research note on the website
It starting to feel like Groundhog day.