BOW, I have to say I dont totally agree with this line of your post.

"however, it's always a very good idea for everyone to have a sell plan, and take a little off the table (IMO)"

I know this is only your opinion, but I think differently on that prudence in our situation. I guess this is my opinion on that stategy.

Nothing is ever certain, thats for sure. There is always a possibilty of unforeseen things happening, as with any stock. But in SLI, the risk/reward ratio is leaning to the reward side.

Say if we had a run in stock price up to $5 on some drill results. Say if I sold 10,000 shares to buy a new truck for $50,000 on the day our sp reached $5, or just sold to be prudent. I have to wait for 3 days for my trade to settle, so I can get my money out to buy the truck. Say on the second day of waiting for my sell order to settle, an offer comes in after the close of market for $50 per share. The next morning the stock opens at $50 and my truck just cost me $500,000.

Say if everyone had the same idea when we reached $5 and 20 million shares were sold on that day. Say that we loyal shareholders held 70 million shares before that day and that our fully diluted share structure was 100 million shares, for simplicities sake. So, before that day, we had 70% of the vote rapped up, but because we sold, we now only control 50% of the vote. The share price jumps to $50 the next day or so on a bid, a few more sell and take profit and take us down to 45% of the vote.

So, it comes time to vote on the $50 offer and no new bidders have come to the table. We vote our 45% no to the offer because we know its lowball. The other 51% vote for the offer and each shareholder gets $50 per share because our vote was defeated. The maximum value could never be realised and we could very well have been bought out cheap.

This is only how I look at it, and to each his/her own. But, I am just trying to say that in this situation, where the stock could explode overnight, do you want to chance being out even a handful of shares, if you don,t have to? Its a different thing if you NEED to sell, but, IMO it may be more beneficial to hold right to the bitter end, if you can. Everytime a share is sold, it lessens the power we have as a group and it could effect the buyout price.

The flip side of this, something bad could happen, and prudence would have paid off. I practice prudence by the risk/reward ratio in this situation unless things change. So, I guess I will take risk to the end.

IMO