Slate Grocery REIT T.SGR

RE: Long on SGR

[marketminer]

The ship analogy and captain staying the coarse is most appropriate.... the coarse being set will take all soles on board to the destination..... provided there are no icebergs along the way... the good captain recognizes an iceberg and alters coarse to avoid disaster.. SGR is a case in point... the bullheaded stay the coarse, the warrant overhang is the issue, now its the warrant exercise is killing us, they are selling there shares... Fact is there is a confidence issue here... one of exploration and one of production. Clearly focusing on production as the main goal has clear targets which have pitfalls .. In my opinion the SGR story should have remained as exploration focused over the past year. The exploration has been the focus of increasing resources, but the story has been production. The fact is, the exploration has been very successful but the information confirming this success has been poorly communicated and backed up.... The info on the website specific to the drilling is no existent in comparison to many very Jr. companies. Fix the image and information and the stock price will be fixed...Hiring more IR. without giving them the back up tools will be short term hoopla pump and only provide a few more soles to take a lifeboat. Production should have been the secondary focus with investors informed that it is a huge undertaking to build a new mine, develop and rebuild SA infrastructure and to train the employees. Had they done this without self imposed deadlines, there would be no targets missed. They put the emphasis on the wrong chapter.... The story is still there, but it is confused at this time... I say they alter coarse before we hit a bigger iceberg... we have already bounced off a few... damage control, but still afloat..... react or sink! JMHO