Hi Goro. Yes, you could pick up shares (or not) in the SPP at a...

Hi Goro. Yes, you could pick up shares (or not) in the SPP at a lower risk, once knowing the flow test results from Surprise. However, if Surprise proves to be successful, then the SPP is likely to be oversubscribed and the shares allocated will be scaled back (assuming that’s the way that they are dealing with the oversubscription).

Last presentations I read indicate that CTP has circa 8000 shareholders.

$15K into $5.5 mill = 367 parcels

Let’s say all 8000 shareholders apply for allotment. That’s $687.5 (12500 shares)

Or say 2000 shareholders apply to be conservative = $2750 (50000 shares).

I would say that the SPP will be a complete failure – or the available shares will be scaled back. So, the SPP won’t really be a significant “free look”. If you are thinking that you are going to get $15K’s worth of shares, then think again.