I think you are pretty much right. Helium has more profit potential than the other commodities CTP is looking for, the potential "Jewel in the Crown".
I'm sure CTP only recently received the pre-feasibility study, and have released it to market as soon as they could. Now they need to prepare the market for the investment required if they do find the helium - $400M has to come from somewhere.
CTP is keeping the ball rolling, preparing us for what might come after phase 2 drilling.
Of course, when the new shares and options are released we might see a drop in price due to people immediately cashing in on them. CTP is possibly hoping to reduce that a little by having the shareholders want to hold on - Ooriminna, then Johnstone happening in short order, etc.
- Karl
CTP Price at posting:
42.5¢ Sentiment: LT Buy Disclosure: Held
