Thanks all,
Patersons have a sale price of 1.00 US, based on all current.
My pov, is simple, the long term support is at 20-25c,
further entry here offers a safer haven than many other stocks that might get dragged lower.
The sale process, the event, is what is going to hold it up, and while we may wait, the expectation of that event will prevent it being driven any lower than its long term base, IMO, while offering upside on the succesful outcome.
Some here may not value it, or think it salable, others think money invested better else where,
pattersons, and GS and managment disagree.
As do I.
They have flow rates, and yes hyrdate issues, but that still means its a viable entity flowing, with reserves, worth something, not nothing.
Agree L, after chat with pete, finance not an issue, 6m next refinance (is my understaning), and that would have to be announced soon, when the 1m ends, so that will be a catalyst for a bounce.
Bounce from where, support seems to be holding today 23-24.
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Thanks all,Patersons have a sale price of 1.00 US, based on all...
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