Looks like a lot of nervous investors in SLI right now. Can,t say I blame them, when you see trading like we witnessed the last few days. The unknown is always frightful ! I have to admit, I called management to see if any of our fundamentals have changed. The answer was "no" and the update is the update. The chances of us not getting a permit, is there, but I beleive the chances of us getting a permit outweight the former. To each their own, i chose to buy some more, maybe some decided to sell. I have taken up a much bigger position in the last few days between 1.11 and 1.24, i wasn,t fast enough to get the cheaper shares. I am gambling on SLI being great, but isnt that what we think when we enter any penny stocks? I could be wrong on this one, but I could be right, who,s to say.
Even if we dont get the permits shortly, isn,t there lots of locked value in our other properties? Isn,t there great potential there also? Isn,t there the chance of great news coming from one or more in the near future?
Lori is smart and i beleive she will have backup plans if be needed in regards to Tesoro permitting. If you go back through the nr,s , you should be able to see a strategy emerging and the direction it is taking. And dont forget the things a company can,t tell you before it is in place. These are all pieces of a big puzzle that we are putting together, the more that are put together, the more the picture reveals itself.