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Slate Grocery REIT T.SGR


Primary Symbol: T.SGR.UN Alternate Symbol(s):  SRRTF

Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.


TSX:SGR.UN - Post by User

Bullboard Posts
Comment by Avocadopiton Oct 26, 2008 5:56pm
123 Views
Post# 15548760

RE: RE: RE: Avocadopit, - cost per ton milled

RE: RE: RE: Avocadopit, - cost per ton milledI found Dale's email and phone number so I will call him tomorrow if the Harbour people cannot answer my question, and another question that cropped up from reading the news archives. To wit: Where is the supposed production the company was talking about as early as late 2006? 50,000 ounces in 2007, perhaps 100,000 in 2008. I did not see any news releases saying that instead of doing real production they would process development ore only for the last 1.5 years.

I want to believe this company has a solid future, but the past performance seems to imply otherwise. I quote from an April 13, 2007 news release:

"San Gold is rapidly transitioning from developer into steady-state gold producer and is on track to producing 50,000 ounces of gold this year"

Actual production was around 5000 ounces.
 Yes, they explained this in the 2007 year-end report, but why were they so over-optimistic to begin with? I just got badly burned with another gold stock where management was unable to see the future any better. So this time I want to be as certain as anyone can be of the facts before plunging in.

Thank you,

Andy

Bullboard Posts