Ann: Placement Completion, page-4

Basilica - your question of "What is a fair price" is one to be explored if participation in the SPP is a consideration
# TGR biomass assets are significant and are likely to marketed at strong margins - positive
# As Norway and Chile can testify - biomass assets only count if mother nature treats you kind - negative
# TGR are indicating that returns off the placement + SPP will be seen immediately, then ramping up through the next two years - positive
# The general market in the short to medium term appears to be on an upward trajectory - positive maybe!
# Market is currently taking notice of agriculture / aquaculture stocks that perform - positive
It is likely that after a SP dip during the SPP and dividend payment, TGR should at least hold in SP and increase in SP if all goes to plan
I am seriously considering participation in the SPP