Had the HoT's been released pre-placing, this would have shot up. In hindsight, I'm glad we got the placing out of the way first otherwise the ceiling would have been in.
Lets get the money in first - we only have the placing monies for now. Then we need to see a robust road map detailing how they intend to spend the money and how they will return value to shareholders. Blue Mountain needs to be high up on that list.
It’s that simple really. You could take a punt in the hope they pull it off, but is the trust there anymore? The placing and how the company dealt with it leading up to the announcement has left a sour taste for many.