Slate Grocery REIT T.SGR

Flip flop

[marketminer]

I guess I just got suckered by the SGR boys again.... They said they would put up more info, maps and cross sections.. But they didn't! They said they would ramp up production to 800 T / day out of the SG1 mine by the end of the 2nd quarter... well that is this Saturday. This and many more statements persueded me to take a bit of the PP But I wish I hadn't! This last understatement of drill results shows me that shareholder value is taking a back seat to some other agenda. That was a significant error, that needs correcting.... but in the context of all the other drill results unavailible to the investors , it is the norm. Puts into perspective just what is acceptable full disclosure in the mind of managment.... I thought we had some changes... But we don't! The share price is a reflection of this perception, not just me, as I am neither a buyer or seller right now.... my position is locked up till October. ----------------------------------------------------------------- I mentioned a comparision to LBE ... Their mill is just being commissioned.... In spite of just ramping up into production, and no profit as of yet Gary Nash is attament about shareholder value and issued this PR today: Liberty Mines to buy back shares 2007-06-27 08:24 ET - News Release Dr. Gary Nash reports LIBERTY MINES INC. ANNOUNCES NORMAL COURSE ISSUER BID The TSX Venture Exchange has accepted a notice filed by Liberty Mines Inc. of its intention to make a normal course issuer bid through the facilities of the TSX-V with trades to be executed by Salman Partners. The notice provides that Liberty may, during the 12-month period commencing July 3, 2007, and ending July 2, 2008, purchase up to three million common shares in total, being approximately 4.3 per cent of the public float of the issued and outstanding shares. Purchases from all sources in any 30-day period will not exceed 2 per cent of the issued and outstanding shares at the time of purchase. Purchases will be conducted through the facilities of the TSX-V. Shares purchased under the normal course issuer bid will be cancelled. The price that Liberty will pay for any such shares will be the market price at the time of acquisition. Management of Liberty will determine the actual number of shares that may be purchased and the timing of any such purchases, subject to compliance with Toronto Stock Exchange guidelines. Liberty believes that its shares have been trading in price ranges that do not adequately reflect their value in relation to the business of the corporation and its future business prospects. As a result, depending upon future price movements and other factors, Liberty believes that its outstanding shares may represent an attractive investment. Furthermore, the purchases are expected to benefit all persons who continue to hold shares by increasing their proportionate interest in the corporation. We seek Safe Harbor