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.

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Slate Grocery REIT

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Comment by halcroon Mar 27, 2015 11:38am

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Post# 23569033

RE:RE:250,000 oz by 2012 ,ASK DALE GINN ! TIME TO SUE ! OH YA BABY

This is from the BGM board

markpocklington wrote:
Halcro,

Found an email in my archives from Chris Ash which you might find interesting.....

In late June of 2012 BGM invented terminology, i.e."NI43-101 Compliant Geological Potential", to promote its Cariboo gold properties and then proceeded to knowingly misrepresent the known geological controls for the setting of gold in the Cariboo gold camp.

The reality of this invented terminology was noted by Garth Kirkham, Chairman of the Best Practices Committee at the Canadian Institute of Mining and Metallurgy (CIM) in comments he provided to the Northern Miner on August 15^th, 2012 in commenting on the 'Cease Trade Order' issued to Barkerville Gold Mines (B.VGM):
"First and foremost, it does not comply with CIM best practices, which, when you are doing a 43-101, is a requirement," Kirkham said, noting that the methods, the validation and verification of data and a whole checklist of things don't comply.
For Kirkham though, the biggest concern is the sample data on which the resource was based. …
…
Finally there is the issue of all that geological potential, upwards of 90 million oz. gold along a 6.4-km trend, according to the author.
"Geological potential" is not a CIM definition, but it is technically allowed under NI43-101. However, Kirkham notes that the guidance given by the securities regulators is that it be "reasonable and realistic, and defensible." With world gold production at 88Million oz last year and Canada at 3.5 million oz., Kirkham's comments on the potential was that "the author of this report is stating that there may be a complete year of global gold output, or up to twenty-five years of total Canadian gold output, within an area roughly four times the size of Stanley Park. In my opinion, this is not reasonable, nor is it realistic, nor is it defensible."