Todd River Resources IPO, page-20

True that they'll have less so logically speaking the SP should fall - I don't think it will on this factor given how speculative the TRR plays are anyway. While those were a part of the reason I bought in originally (a potential back up plan if Mt Peake didn't happen) I think they were a very minor factor in most people's decision to invest. I think the stronger factor would be; psychologically people have held SPP shares waiting to get their "freebies" If they can sell at 16 after that some will. Not many - but small vol can move the SP given most holders are strapped in ready for the coming rocket ride.
I see any retrace being perhaps back to 15.5 and only for a week or so. If it does happen then I'll be tempted to buy more. ITMT waiting patiently for great news whicho cannot be far off.
All imo of course.