The next night, as the dwarves set up camp, Saeril volunteered to help Kili and Fili watch the ponies in the woods. Even though she heard Handalf say that the spot they were currently on was dangerous, she figured that if they stayed any longer, there will indeed be some unexpected danger. 

Honestly, the she-elf wasn't too sure about their current position, and the spot that they put the ponies looked rather too easy for something to just up and take. Saeril stroked a few of them, and let her wings be stretched out from the rain from earlier. She did hear some key words coming from her dwarven companions, but again she could not express those troubled looks in front of them. Or they could get suspicious. 

"Do us a favor, and take these to the lads", Bofur instructed nearby to Bilbo, as he passed him three bowls of stew.