Just my thoughts, and I know I'm writing this while I'm pissed off.

So, you start a mine trying to scrape money together what ever way you can, you get it running, but the crusher is broken. Your mine is limping along, and you decide to get the diamonds from the bad side of the mine. Does this seem smart to you out there? Every time the shovel scoops the ground, the company is loosing money. If they stayed in the lunchroom and played cards they would have been further ahead.

Most of you know me enough, I'm not going to keep ranting down that same topic.
I had plans for that money, and now it seems I'm on a cycle that is going to take some time to play out. I'll be buying more, as silly as that may seem, later when the price goes down. I can see them saying, Muskox needs further study.

This was only the first shock wave. The second one comes tomorrow when people check their stocks tonight to see their losses.

They will make this stock look so bad, they'll want to give the keys to someone else and walk away.

When there's bad news, they have to tell you early. Good news comes later.

Still shaking my head.

I am really curious about Muskox. Before I suggested that it was in big trouble and that was why they were going to drill more before we knew the results. But even that is going to cost fuel which it seems they could use to keep their only source of income coming in. I bet we will see share dilution soon, which is probably the real reason for the reverse-split. PG went on about companies not willing to buy a stock if it is under $1, no matter how good it is. I think that is BS. Greedy capitalists don't care. If a stock was a sure bet then everyone else would be buying and it would go up and then institutions would get in. Something shady is going on, without a doubt. Even if muskox results are the best in the world or the worst, we have been played. In August they were working at 1600 tpd which is similar to the 3rd Q and it was a great Q, so what went totally wrong here? About 3 weeks ago I was watching RoBTV and a lady was saying that Tahera is having a lot of production issues but I thought she was over blowing it. It makes me mad to know that we the share holders don't know as much as the Fund companies.

....of Peter. It became evident over time that he preferred not share information. But in his 'arrogant' defence I suspect he made a decision to try and make a go of it this year. He knew as we all did that he left the gate this last spring with a serious limp. Low fuel supplies, crusher problems....etc etc. In his mind he gambled (IMHO) that if he could limp long enough, he'd make it to the other side into a new winter, fresh fuel, investor confidence restored and so forth. He lost, we lost. Hence the risk factor of a mining stock. Am I ticked off?....yes. I've lost money and so has everyone else. Are we a great take-over target now?...probably. Can he rebuild as a stand alone company?.....a very long and tedious journey. Is the potential there?.....yep. So what's our next move? Finger pointing doesn't help....if you can't afford to loose it....you shouldn't be playing here. In my opinion, he needs a postitive meeting. Then he needs good results out of Muskox. And he needs one long cold winter. In my opinion two out of three won't cut it. He needs all three. Outside of that.....here's hoping someone will buy us. To stay or not to stay......that is the question.....the answer......who frigg'n knows.

when 4.5 million shares are sold 1 day, 4.5 mill is also bought. it seems that there was a bigger sale/purchase before 10 am and another one shortly after. I suspect whomever made those purchases, did it based on more information than what is available to you or me. don't know if it was just "value purchase" (one can't go wrong at $1.20, since Jericho alone must be worth over 2 bucks) or in hopes or anticipation of good Muskox results. or someone is perhaps "collecting" enough shares to make a move and force us (little guys) out by a takeover "offer"? any thoughts?
GD

I am not about to say if today was good or bad (good for some, bad for others), just that it seems this is the breaking point for many (obviously as the volulme of shares traded today states). Usually, I bail out of stocks on a day like today, and usually regret it shortly after. I am not saying to stay in Tahera or bail, but I am saying that these rather large events (for me) usually signify something further, be it good or bad...and I guess that is the risk one takes when investing in small cap companies. So, my take, this is one of those times where we have to survey the situation, and make a hard decision....buy more, or cut losses and seek other venues. I have to state the obvious though, the diamonds are there in the ground, and are not going anywhere, so despite today's drop, value is in the ground so to speak, and time will rebound the stock...by how much....well pull out your crystal ball and give it a go. I averaged down today, and have been for some time.


MACLAY

One the surface there is no bad side of the mine nor is there a good side of the mine. The higher grade deposits are beneath the surface. They need to dig down and strip before they hit the higher grades, there is no option on a 'good side' or a 'bad side' of the mine.

Hope this one plays out alright in the end... hold on to your seats kids...

[quote=MACLAY]I am not about to say if today was good or bad (good for some, bad for others), just that it seems this is the breaking point for many (obviously as the volulme of shares traded today states). Usually, I bail out of stocks on a day like today, and usually regret it shortly after. I am not saying to stay in Tahera or bail, but I am saying that these rather large events (for me) usually signify something further, be it good or bad...and I guess that is the risk one takes when investing in small cap companies. So, my take, this is one of those times where we have to survey the situation, and make a hard decision....buy more, or cut losses and seek other venues. I have to state the obvious though, the diamonds are there in the ground, and are not going anywhere, so despite today's drop, value is in the ground so to speak, and time will rebound the stock...by how much....well pull out your crystal ball and give it a go. I averaged down today, and have been for some time.




'The diamonds are in the ground'.....Whether Tahera brings them to market or someone else at this point is neither here nor there. 'The diamonds are in the ground'. Fact established at tahera's expense. So therefore, my take (gut instinct at this point) would be to hold out til winter in hopes of some sign of recovery or hope we get bought out in the interim. On the plus side for a take-over.....whoever that might be, can afford to buy us and therefore is financially healthy. We would still own a piece of the rock....just under another banner. Holding out til winter....investor momentum may swing us up again somewhat. Either way, there remains a possible upside to recoup. To what extent?....Who knows. At this point also, to make a killing on this stock....nadda. There is to much ground to recover now financially for this company. Hindsight.......my bad....how many times have we heard to invest in management as much as you invest in the company. Lesson reminded once again.

If I am not mistaken, they said that the muskox results would be given in the 3rd or 4th quarters releases... so, don't be surprised if you do not hear to quickly on this. Just a word of caution.

Like most of you, I agree that this is bad news. News like this doesn`t read well and it doesn`t sit well. And if you don`t read between the lines, it looks worse than it really is. There is a tiny silver linning to the report though:

"The majority of tonnes mined have been sourced from low-grade resource material, and from additional low-grade kimberlite material that was not included in the resource model,"

The part that says: "low-grade kimberlite material that was not included in the resource model,"

In other words, these are bonus carrats. Dirt that wasn`t supposed to have, or they didn`t know was going to have diamonds in it. Bonus.

And as far as Mill throughput, you have to read it carefully and apply the proper timeline, otherwise it looks worse than it really is.

"The process plant throughput rate averaged approximately 1,700 tonnes per day during the third quarter, or approximately 85% of nominal capacity. A new crusher arrived at the site in August as planned, and was operational by late September."

So the average was 1700 tonnes per day during the quarter. They don`t say that they didn`t achieve 2000 tonnes per day with the new crusher. Which, by the way, was in opperation at the end of the quarter. So tonnage produced by the new crusher did little to up the quarterly averages.

I agree that the whole thing was worded very poorly. If the new crusher had attained the 2000 tonnes per day, why couldn`t they have said that.

About the financing and debt repayment part; when the crusher broke and the company called for a replacement, they were told by the supplier how long it would take to build a new one, deliver it, and get it in service. So the company knew, that for this period of time, they would generate less revenue and that the repayment schedule would be extended by the same amount of time. They knew it then, but they`re just telling us now.

So I think that what TAh is telling us is that the worst is behind us and that there are better times ahead.

And I don`t buy the stock manipulation theory.

But if they were manipulating, causing the SP to tank by releasing less than favourable news, why ? I don`t buy the takeover theory. That makes no sense at all. If PG wanted TAH to be taken over, he would do the opposite. Release only good news to maximize the SP. Don`t forget, PG holds 2.2M options and 120k shares. So to maximize on both the shares and the options, the higher the SP the better.

So I had a look at SEDI today, to look at numbers, dates, shares,options, transactions....

Here is PG`s current options and shares summary

he holds: (these are post RS numbers)

options strike price expiry

1.6M $.725 2008 10
400k $1.85 2009 11
240k $2.85 2010 12

Of his 120k shares, I could only find purchase prices for 110k of those shares, one purchase has the price omitted.
So of those 110k shares, his average purchase price is $1.33 . (if my math is right)

That`s more than todays closing of $1.27 .

So even if the takeover theory is correct and the new buyer offered a premium, PG wouldn`t be in the money. I`m sure that PG wants to make more than a few pennies profit on his shares. And of his options, 640k of them are at a strike price higher than todays SP. So no win there either.

So why would the company manipulate the stock? I have an idea. But I`m going to bed. To be continued.

[quote] "About the financing and debt repayment part; when the crusher broke and the company called for a replacement, they were told by the supplier how long it would take to build a new one, deliver it, and get it in service. So the company knew, that for this period of time, they would generate less revenue and that the repayment schedule would be extended by the same amount of time. They knew it then, but they`re just telling us now." [quote]
I agree totally with this -- it was what I meant previously about "insider" info that isn't shared with the shareholders, but which begins to drive the price down as word gets around. In retrospect, I should have sold at .84 before the RS but I didn't, so I'm moving this loser into my investment account where I can at least take advantage of my capital losses.
My thoughts - this junior is only going to need more money, and so there will always be more shares issued and more dilution, while it tries to achieve its goals. So far, Tahera's been able to pull it off because of the loyalty of its investors, which I think it lost this week when it finally admitted that things are not going well. If there is no big find at Muskox, there will be no profits for us through Jericho even if that changes because there were too many shares out there to begin with. We knew, or ought to have known this. I don't think we can "read between" any lines in a Press Release of this type - there is no silver lining; it is a statement of reality, and that is why the market has bailed. Sorry, guys -- the fact that PG has shares doesn't influence me one bit. He can't control what is under the ground, the weather, or (apparently) the equipment he uses. Unlike us, however, he is well paid in the meantime. Bad news all round, antiki

Thanks.

what took place yesterday was a total injustice but like any new business there are always unforseen issues. Now if my memory serves me correctly this mine was to have a life expectancy for 8 years and even more if Muskox turns out to be something. We had the official openning only 2 months ago. Does anyone out there see what I am getting at. I can't at this point "bail "....I have sunk everything I have into this and sure if you can't afford to lose it. Well I am screwed if I lose it ok. This is a business venture to bail after 3 months of operations is a little crazy don't you think. Especially after all of us have been waiting for years.

Do we all believe that there is no way to recover from this. Are we that sure that we will not see .84 pre-rs. If in one day it dropped .50 why can't it go up the same.

If we all feel that PG did such a sh___y job yesterday with the announcement then "write him let him know" we as investors deserve better. Put him in his place. Without our support and money there is no company and that we should be better informed. I wrote in and said my piece maybe we should all say what we feel.

Anyway......at this point we need to find out more before laying down and dying.

Just a thought.

I agree Red. Last night I was looking at the TD Analyst comments on Tahera from August and they mentioned that they expected lower than normal production for Q3 but higher than expected production for Q4. I think we'll all be ok in the end. I'm not saying buy more, cause I sure ain't, but I think patience will pay off.

adam

Not as much blood letting as I expected today.. price is actually recovering somewhat.. last quote I checked was 1.34 up seven cents.. Not that i'm happy but this is much better than another huge plunge. whatever I'm in for the long haul..

__________________
Have a great one!

peters interview from this morning

http://robtv.com/shows/past_archive.tv

11:30 am comodities report

nothing for positive news, down played yesterdays drop, looked positive but a little nervous