Slate Grocery REIT T.SGR

Don''t get me wrong SGR is a great gold play

[marketminer]

The problem is the story tellers. By this I mean the focus of the story has been that of developing the SA after Harnony stripped the cuboard dry of everything developed.... and the SG1 development... What was said and implied is that production was underway and production ore was indeed overtaking the development muck,,, the thrust of the April 3rd news release. The real story, the story never told... or now barely told, is that of exploration... This story should have been the focus over the past year.... How many times have I posted this.... the website being the primary means of delivering that story... The exploration story would have driven the share price and reduced dilution and expedited the financings... Just as the Cartwrite did 1 1/2 years ago. Instead of telling the exploration story properly they emphasised the production story, which was really a development story... with training hurdles, manpower and equipment hurdles thrown in... all causing delays. The April 3rd update told us they had overcome those hurdles... but they hadn't.... have they overcome them now????? We don't know because they gave no guidance... they provided no production report of ore delivered to the mill ... I would have been happy to even acknowledge a gold in process.... Did we not here over a year ago that 5 or 6 dore bars had been poured.... I presume this is the ore in process trickling through the financial... I like this play.... but the managment have no idea how to promote what they have...JMHO This story is every bit as good as RR, ARU and many other exploration stories.... but they refuse to tell that story instead focusing on their own shortcomings..... They should have been telling us about how much development had been accomplished, as they hinted at on the April 3rd NR.... but they also said they were producing as much as 1000 T /day from the SG1 and had 15 production faces in the SA.... That to me indicates a much more robust production than was delivered and thus the guidance comment. Just for further clarification.... The 1000t/day mentioned in the April 3rd nr release mentions that on several occasions 1000 t/day had been accomplished.... just those 2 days equate to 400 oz of gold.... did they produce no more production for the quarter?.... or is there a lot of gold in process to which they have not commented...? This is why I mentioned the comment in comparing the present situation to "Like REA " If they are holding a lot of gold in process, 20 million in cash, a lot of development and sucessfull exploration..... These things are not reflected in the share price, and will lead to another company taking SGR out at a discount to real value. Content to hold my placement stock....I am still a shareholder and won't be run off this BB by some thug.... Steeltoe... get stuffed...JMHO