I hope you are right, although I am very concerned about the bucket load of stock that the underwriter is going to end up with. The only scenario that makes sense to me is that the plan was backed by a couple of big instos. I am hoping that some big parcels will change hands in the couple of days after the placement.
I topped up my holding at 0.885 on market and have let my spp go. I think less than 30% of retail holders will take up the placement.
HDF Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held