Slate Grocery REIT T.SGR

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

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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

Slate Grocery REIT

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Post by Avocadopiton Feb 08, 2013 7:38am

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Post# 20956639

Just another low grade gold producer

When I first got involved with SGR they sounded a lot like a high grade gold mine. Events since then have said otherwise. Last quarter they managed .11 oz/ton, or 3.5 grams/ton, in final production. A high grade operation should be consistently running at a third of an ounce or higher per ton. Think Homestake, back in the day.

SGR is trading exactly where it should be trading, even lower possibly. The H&S topping pattern I found years ago predicted this, and its played out. I don't see much of a future for this mine unless they can find some way to seriously increase the grade per ton.

They will be lucky to break 100K ounces per year.

Not a good investment!

Andy

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