RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Paul should buy in. Sooner, I agree that there is not some $20 minimum to announce an acquisition offer. The bar may be as low as $10 and then the gamble is that it kicks off a bidding war. BUT, what if no bidding war ensues? You HAVE to have that downside protection built in. Double digits minimum, or come back when the offer is legit, otherwise our time is being wasted.
When you are so insistent on a $6 target (now it has to be up to $7 with inflation over the past few years btw) it reminds me a few years ago when I was trying to unload shares of another junior to redeploy the funds. I patiently waited for the price to rise and it did. The problem was that my sell price ended up being only 20% of the peak a few weeks later. This is what I'm trying to get you to understand - in this sector, the upwards movements can be fast and furious. When you dig it at a low price, you have a very good chance of selling yourself short.
What you could do is set a sell order for half your position at $6 and then the rest (in your book) will be gravy. You up for that? If not, then you prove my point that you also want that lucrative upside.