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would you share?
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What company is SGB? SNO? Sometimes I can't find maching symbols.. mostly cause of the crappy site I use. lol. Oh, and what's your addy for PMs? |
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As Expected
Looks like the 5:1 reverse split didn't detract enough from this stock, so no they drive it to the basement. All in an effort to let the big guys in at a price point they sneered at a couple of years ago. We'll so be it because when the big boys have enough.... what ever that is, then this thing will get to 5 bucks as a real starter. 20 from there. Go back through every other diamond stock (or associated with diamonds), this seems to be how they start. I guess they resented all the small guys picking it up in such volume to begin with.
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Here is another thing that is bothering me that makes me think something is up. I work at a Nuclear Power Plant. We have eight reactors there. Some of the reactors are forty years old now. Two of them were just rebuilt, and it took seven years to rebuild. It's like rebuilding the Starship Enterprise, two times over. I know what's involved to rebuild large pieces of equipment. Now what bothers me is, I have never seen something destroy itself so badly that it had to be replaced in it's entirety. You break a shaft, a bearing, an actuator, an electrical modual, a motor, a pump, a valve. You have those pieces brought in. And because the crusher is brand new, the parts should be easy to get and transport. The other stuff, like plate steel can be remanufactured on the spot with welding and grinding. These companies pride themselves on being able to do that. So what did the crusher do, fold up like a piece of tinfoil? I've never seen it, in all my years of maintenance. A catastrophic failure that needs a complete replacement? I think they got a second crusher on site, to double the capacity when the time is right. When the company is doing good, they will need an extra crusher to do the volume. If one crusher is layed up for maintenance, the other will still be working. When they built the plant, they didn't have time to put in the second crusher. When Pete was on ROBTV, and you can see it for yourself, he said 2000 and beyond (speaking about capacity), and then Pete was cut short by the commentator. Just the way I see it. |
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stats
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I don't know the stats. I wish I did. My guess is that all the little guys own 10% or less of this company, even way back. Maybe they own 25%. I don't know. Either way, I don't see the benefit to the "large" investor of "driving down" the price if they are only to pick up at most 10 more percent of the outstanding shares. Would it really be worth it? Thoughts? Not trying to be mean here. Just trying to understand. |
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Interesting....
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Not trying to make an excuse here... I would love to have known what the real issues with the crusher were... and now, since they have a real one and a temp one... and the temp one was doing 1500 or so tonne a day, then why can't we crush 3 to 4 thousand a day now? My guess is that the crusher is not the only part of the assembly line... you can only operate based on the capacity of the weekest link... if you can't process what is being crushed, then it will just stockpile. Thoughts anyone? |
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in my view it's very complex
in my view, to come up with a sensible balance of the operation is somewhat complex. and no matter how you twist it (2 crushers or one, night shift, stockpile or process directly...) it all comes back to fuel shortage!that's the bottom line and the bottle neck! no matter what you are trying to do, your hands are "tied". do you pay high price to fly in fuel? the processing cost per Tonne is already too high! and the material they process from the stockpile is lower than what would be ideal...they will have to ride out this next 3 months somehow and things should pick up. of course, the other problem is: when do they get paid for the diamonds (there seems to be quite a delay) so that they can buy more supply and increase capacity and pay for new drilling... and on and on... I don't know for sure but the number I seem to remember (and I am a "city folk") is that one drill hole can cost you some 80 G. that ain't cheap! so once again, it is much more complex than any of us can imagine to do it right. I just hope that "they" know.
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I agree with GD
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The crusher isn't/wasn't the issue nor will it be. Yes they had a crusher problem and it was convenient that they had crusher problems to detract (IMHO) from the more serious issue of low fuel supplies. During they interview he eluded to the fact that they were working their way up to 2,000 per day (still). An amount still not achieved with a new crusher. As for ordering parts for the existing....nadda...the first crusher was custom built for this site. Therefore no 'off the shelf' replacement parts most likely. I also got the impression they were going to utilize the second also in sync. But I believe as G.D. mentioned the fuel creates a logistical nightmare and is compounded on how many areas are dependant on fuel supply. Kitchens, heating who knows. But to calibrate an existing amount of fuel to utilize effectively for max gain v.s. utilize a set amount of fuel to simply stay alive. In my opinion, if they make it past Tiffany's board room, the biggest issue they face is how cold the winter will be, how long will they have access to the road for supplies after the bigger boys feed at the trough first. And as everyone knows this stock performs in the winter. Check out the five year chart. Personally I'm rooting for the harsh winter.....because if they don't get that, then it's a whole new ball game concerning Tahera's future. No road or port will bail them out in time so there's no sense going there. (IMHO) I think it's a make or break situation in the next four months or so. I'm watching the weather up there with one finger on the trigger. Last edited by NorthernPike : 11-05-2006 at 02:45 PM. Reason: sp... |
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Weather Watch
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I'd just like to add that Tahera is basically just a starting up company with jerhico and as with any new business you usually won't make a profit in the first couple years, all that comes later on after everything is established so if you can stand not to check your stock everyday and cringe for every cent it drops then leave it alone and time will tell...What was the mine life if jerhico again, 7 years? Its hard and yes you could definitley make money off the swings here and there the problem is you never know which way it swings until after it has done so...
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See I'm a nice man but money turned me to Satan, I'm thirsty for this green so bad I'm dehydratin |
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BUT, when the bleading finally stops the mine will be shutting down. Would you invest in a company that is on the down hill slide, and dont forget when a mine is ramping down lay offs happen and production tapers. MEO, RCP, GYS These are the plays for the week. MEO is almost ready to start drilling. I have been playing the swings. I am loaded up on the others as well. PLE is another that is ready to go boom. I am waiting to get back in and I heard there is another news release on drill targets coming soon. Watch and learn. Have a great day. HH |
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Clearing the snow off the ice helps as well. Another big one that builds ice is driving on it. Just like the cold. When you drive on it it pushes the ice down as well. Flooding too. Towards our cabin we have to flood a pond to get the truck through. Have a great day. Last edited by hustlebut : 11-07-2006 at 02:38 PM. |
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