Interesting discussion. First of all, Crazy 8 mentioned that more PPs were voted down at the agm. It was the issuing of extra options that was voted down. There is nothing stopping SLI from doing as many PPs as they wish or require. I only hope they are infrequent and at a much higher share price.

What will the results be? Primed worries that if the average investors expectations are too high, then even good results will be perceived as negative, and there will be a sell off. If that is the case he will have invested poorly by holding now when he could have sold and bought back later at a cheaper price. I think his concern is justified. In this market, the sell on news rule seems to be holding strong. The results need to be really good not to spark a sell off.

I think that is part of the strategy for all the PR. The hope is that we are looked at by a lot of knowledegable players that may not buy before drill results, but they will know good results when they see them. If the results are good, we will have interest from all over the world that should soak up any short term selling.

I have no special geological expertise. I have read all that I can get my hands on, read what others like Primed and Sculpin have to say, and am convinced that this will be a gold mine. I hope it will be a once in a life time mine, but if not, I am confident it will be worth a lot more that $2 per share. I hope it is an open pit deposit just because I know it will mean extra value.

I keep coming back to the fact that Lori's share ownership continues to grow. I don't like the way she pulled off the last PP, but take comfort in the fact that she used this to increase her ownership. I am not suggesting anything illegal, but the reality is that she knows a lot more about this property than I do. She is not selling. Good enough for me.