http://www.courts.gov.bc.ca/supreme_court/recent_Judgments.aspx

Direct link (might not work):

http://www.courts.gov.bc.ca/jdb-txt/SC/13/10/2013BCSC1069.htm

IDSANDS, your comment on a $20 lowball bid got me to thinking....

How many people here will have the stomach to handle the turmoil when the stakes are really high? When normal day to day swings are a few dollars, not just the 70 cent swings that got our world rockin recently? How about the courage to "let it ride" when your net worth is changing by tens or hundreds of thousands of dollars per day?

I admire the comments of the board that say they are long. I'm hoping that conviction is still there when your value of SLI stock dwarfs every other asset you own, including your home and all your other funds. :-)

Retail investors ARE stronger when they stick together. So everybody do me a favor and don't jump on the first profit-taking opportunity you see! The motherlode is still to be poked with those deep drills.

IMO. :-0

Long on SLI!

Poor guy's not even online to defend himself. Not everybody is addicted to Agoracom. Some people have Facebook habits to feed. :-)

The company is likely Indico Resources, a Canadian junior out of Vancouver. Their Ocana site is roughly 60 miles north-northwest of Tesoro, and they're hunting copper.

http://www.indicoresources.com

I like this strategy, especially preventing the dilution of stock when fundraising for BC properties. It's a BIG measure of confidence from management - exactly the type of move they should be making before the share price begins its wild ride.

I've seen this same conversation over the years. Another approach I've seen to taking possession of the physical certificates (which I've heard is a solid idea) is to put your shares up for sale at a price much higher than current asking. Shorting cannot be done to shares placed in escrow in a selling account. A few years back when Tahera was being explored the shorters were constantly screwing with it... until a grassroots effort took millions of shares out of reach by posting them for sale at 10x market price.

The catch... Some brokerages won't take sell orders for more than 50% greater than current asking price, while others don't seem to have a limit. I used to keep track of which brokerages were unlimited (eTrade was before Scotia Bank too over in Canada, now I'm not sure). A little experimentation would show whether your particular brokerage had a limit or not. If you can only put up at $3 with your brokerage, then that's not a very safe approach with SLI, IMO.

But, if it turns out you can put your shares up for sale at $5000 each, they should effectively be short-proofed. You would also have to remember to renew your offer when it times out - generally an offer is good only for 30 days or so at most brokerages.

I'd agree with the idea that a buyout doesn't haven't to be an all-cash deal. Warrants and options aside, for a resource of this magnitude, net smelter royalties are a way to keep investors in the game. NSR is also a bit of insurance against a situation like Aurelian investors saw (I don't know the whole story there, just what's been circulating post-Kinross http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=61653&sn=Detail) - where the initial resource estimates - as good as they were - may have actually been low.

Like others have said before - it's certainly a nice problem to have.