Slate Grocery REIT T.SGR

RE: Speculation

[marketminer]

There is no requirement for the company to speculate..although there are many that do just that... This is called guidance... and thus guidance could also be newsworthy if anounced targets are not met.. In SGR 's case I find it absurd to accuse investors undue expectations when the predictions Managment made were not achieved and guidance was not given... I find it rather amusing that the fault for lack of disclosure on the part of managment is thus vented toward fellow investors that simply want disclosure. I have had many say that investors are too stupid to analyis this information.... It is not up to managment to decide if investors can interpret the data.... It is their job to report it....period! I can tell you one thing, over the past 6 months investors have been interpreting the lack of information as dangerous.... so when will investors fears be eliminated....? When the disclosure of facts instills the confidence to own the stock. No information = Fear = the present share price At this point in time SGR is not offically a producer as no production has been offically attributed to production with full explanation of production costs and amount produced. Therefore they are offically an explorer or in transition and as such changes in the reserve estimates and production progress are in fact very material... as SGR is moveing from zero offical production to some unknown production any amount is material. In the case of exploration , again in the March advertisment a 6 million dollar budget is again anounced.... is this additional to the 7 million dollar budget from last year and the previouse budgets...This again is material change and a full accounting for the exploration budgets of the past again need reconciliation in the minds of investors... There has been substantial dilution to achieve these suceeses and the cost of such success has only been acknowldged in pasing comments about $10.00 cost / oz of new discovery. At placement prices this equates to 12 shares / oz..... Had more disclosure been in the public domain and presentation refect the potential the share price may have risen to the point where the $10 / oz only reflected a real dilutive cost of 2 or 3 shares/ oz of new discovery.. SGR managments attitude is similare to that of Goldcorp in regard to what is material.... but they are not at that point yet in definition of material change... what is not material for Goldcorp is certainly very material for San Gold. The definition of material change is an event or dicovery which would significanly affect the share price.... That is up or down. The only thing that seams to be consistant is that the information is consistantly short of disclosure requirments .... JMHO