Hi again everyone - havn't posted for a while because I was waiting for some good news to come out of this.



This is in response to suggestions as to how to start your letter to Mr. Mulclair"

Dear Mr. Mulclair"

[i] am writing this letter on behalf of, not only myself, but of several members of the Maket Millionaires Forum, Tahara Board, most of whom will lose upwards of $50,000. and a good chunk of their life savings if the Tahara Diamonds mine closes down permanently.

We are asking your intervention at the House of Commons level to stop this from happening. Most of us bought into this mine because Prime Minister Harper and several other Government officials were quite happy to officially open this mine and tout it as Canada's first diamond mine. The questions we would all like answered are:

Are there now ,or were there ever, any diamonds worth mining?

What about the $450,000. diamond that was on display in Antwerp?

Given the possibility that this mine still has a future in diamond mining, but was a victim of gross mismanagement, is the Canadian Government willing to jump in and help them out financially until such time as they can become financially independent?

Could you bring this up on the floor at the House of Commons and see what if anything the government is prepared to do to stop this closing.

Cdn Investor and Wing and a Prayer also had some good advice for you.

Good luck to you.

Faith in Tahara




I will do all that you suggested. In turn, I will attempt to deliver the hand written letter in person. My hand writing is very readable...almost as good as printing. I just have to compose its contents carefully.... I will do that tonight. If you or anybody else have more suggestions, please post them; especially how to proceed with the first paragraph (short).

PS: Too bad we are not in accord with Mr. Gillin and 'Company'[/quote]

I won't be wasting my time if mine or somebody else's efforts should glean a little justice from what transpired here over the past year.

Meaning, I wouldn't expect a cent from the government, never have, and never will.

Management of Tahera over the past year from where I stand as an 'invested indiviudual' ran this thing straight into the ground, and the way I see it they've done themselves well in the process. I asked direct questions of Angeline at Investor Relations regarding the ice road, fuel, and diamond throughput and grade. I got the BS canned response that everything was going according to plan and on target. And all of a sudden she's bankrupt.

Borderline criminal what happened here, and someone should pay, maybe not of the money lost in the process by many, but with time behind bars. Then again Mr Hustlebut, you probably don't understand that and make your nest egg bigger by bull****ting and misleading people into emptying their wallets.

As for the forestry sector..........thats a different kettle of fish altogether.

And I accept my own decision to invest in this mine, but I don't accept the BS criminality in the way it demised.

Good day to you too, sir.

KaBiN

Kabinfever wrote

"Then again Mr Hustlebut, you probably don't understand that and make your nest egg bigger by bull****ting and misleading people into emptying their wallets."



You can kiss my fat A$$. I never once told you or your little trolls on this board to buy this garbage. In fact I have been here for how long slamming this piece O crap. Have a look at my history scum bag.

How dare you say I mislead anyone. I do take offence to that. At least if you are going to slam me be honest about it.

I dont need to bull$$$$ anyone. I can read a financial statements. They are public information that are there for everyones enjoyment. Maybe next time do some research before you get involved in some pipedream.

Keep it up. I love it. Piss on the little guy because I told you so.

Knowledge is power, and power is money.

Have a great night.

Hi KabinFeever,

Just consider that many of the wealthiest and largest of corporations do receive government grands or interest free loans or very low interest loans and also very lucrative gov. contracts all the time. So, why not Tahera?
Who do you suppose the beneficiaries will be when/if the Jericho mine closes temporarily? Or changes hands for that matter via the convenience of 'restructuring' or otherwise?

Please do not forget whose money went to build the mine in the first place. What disturbs me the absolute most in this case however, is the unforgiving manner in which I have been (about to be) removed from Tahera's potentials.

As for Hustle, I think he needs a mega dose of the soul formula.

__________________
Cheers. Radian sparkling Green, glowing Yellow, and Snow-y transparent power to all Taherians.
************

Hi. I don't ever recall saying that I wanted to be bailed out. I know there has been some banter about that, but for me, that is not the purpose of talking it up with government representatives. If you can show me where I said what you seem to be indicating, please do so... and I will stand corrected.

The point is to let people in some form of power know there is a concern that there may have been some underhanded wrongdoing. Such, if found out to be true, should be dealt with accordingly.

Huslte... I have read this forum or a couple years now... or more. Most people, and I believe, including yourself, chat up their current thoughts and then suggest people do there own due dilligence... as best they can, before making their own decisions.

What I find surprising, is your reaction to the recent notes. It does not seem like you. Not in my opinion.

However, I could be wrong. And if this is the real you, then would you please be so kind as to leave the room?

I wasn't directly accusing you of hype and pump, read my post again. I've heard all kinds of crap during the five years I've been invested, and I said I accept the results of my decison to invest. I made it based on all I could glean, I did take a very good look at the company, but remember there were no TAH-in-production financial statements prior to the RS, and what happened after the third or fourth month of production, and an ice road issue, was TAH stopped issuing NR's or answering directly posed shareholder questions.

The stock by this time had sagged again below my average buy price, I decided to hold. The company told me all lights were green even with the ice road closing early, crusher problems and fuel issues. I heard rumours later in the game that I could not verify about water in the pit itself, and I did have one brief contact with a surveyor working at Jericho, and I quizzed him as much as I could vicariously through a mutual friend on MSN. I lost 35 grand on this POS and the next 7 cents to zero will make it 36 - I won't sell now just because if I did it would make me puke giving up the commission to a broker.

I'm not yet 40, and business is good here in Alberta for the moment, seems everyone forgot about diamonds and they're going hard for oil now as rumour has the worldly oil tank half empty and we probably won't be able to increase production year over year any more from this day forward. Yea, I'm a little disturbed I lost everything I put in there over 5 year, but it should have made something if not broke even over the life of the mine.

What really frosts my nuts is they, the BOD, bull****ted on BNN and bull****ted in response to investors direct questions - I did the math on how much fuel a Herc can carry, about 50000 lbs or so. And with everyone in the north flying in fuel to some degree, I could not figure out where all the Hercules aircraft were coming from to fly all that diesel into all those mines.

26000 litres pllus or minus herc payload.........and First Air has one Herc. Pretty sure there's only one of those aircraft available in the North. IR skirted my question, saying it was only going to cost an additional 3 million to make it through the season flying the extra fuel in. I suppose it might have...........had there been more than one aircraft available. I assume the Diaviks and the Ekati's whom had the cash.............got first dibs on that airplane to haul fuel.

But Tahera bull****ted me straight to my face, and said 3 million more than budgeted with an ice road, no sweat.

Prior to that in the summer did they not actually get things tweaked to where they made more on the diamonds than it cost to mine them? And big stones, ones woth a half million RAW before auction, how did that money rock come off the top of the pile, anyways? Weren't they processing the overburden and strippage at the time they found the big rock?

I mean come on, there's a LOT that stinks here, and I see it ALL now in the rearview mirror, at the time I didn't have the entire picture due to managements fondling of facts, and super tight lips as per what they plucking out of the kimberlite.

Hustlebut what really makes me furious now is what happened the day after New Years.............all of a sudden on NO NEWS the stock ROARS skyward again (lol if you can call it that at at 21 cent ceiling), they halt the stock and pose the questions to management, Gillin plays dumb says knows of nothing that would account for the deviant trading, the boys on the BOD (probably) unload (I'm pretty sure - we'll see for sure later down the road), and presto SP settles again to the bottom and next thing you know they're filing for bankruptcy protection and owing one freakin big pile of cash not just to Tiff's, but 14 or 15 million to Nuna. And Gottwalds affadavit shows substantial money owed over 90 days, so I'm sure they saw this day of destruction coming somewheres prior to the end of the previous quarter.

They definitley had a run of bad luck with the ice road, and the exchange rate, and a few other things.........but it just staggers me how they continued to run it full tilt into the ground - losses since opening in September 06 or whatever it was must be 200 million plus if you account for the Tiff money owed and the Nuna millions............now I was told the extra fuel to keep the mine on track by air freight was 3 million more than budgeted - I was willing to accept that at the time, I now know I should have known I was being fed BS by management - myself being the layman and somewhat a rookie in market investing, my numbers (litres per Herc/number of flights required to keep Jericho running on a roughly calculated diesel consumption number for all of Jericho/ and number of available Hercs or similar aircraft in that region) were pretty mcuh correct.

They got dealt bad cards, yes. I should have sold, yes. But I was invested and at the time wasn't willing to bail at half-price. I should have sold, yes.

I lost a lot, but they can keep my money, and those guys at the mine, can come down here and help with the oilsands, probably get the same rotation in McMurray as they did at Jericho, and likely make double the wages they made at TAH.

I just want to see who did what, and who sold when, and if they can prove they're so incompetent themselves and thats what ended it, great.

But my BS meter needle went redzone just after new years, and all I want is some justice.

End of Rant

KaBin

and am all settled down, I have to say as a business owner myself.....if I can run an operation albeit far smaller (and of a different racket, surveying), project costs, anticipate some of the unexpected and somewhat plan for it, and create a successgul business model as a man with little to no financial or business experience, and do very well at it (1.8 million in revenues this past year), I cannot even begin to fathom how this thing went so wrong as to meet its fate in less than two years. And I suspect all the shining stars they added to the team along the way were really rejects from a successful venture, castaways as it were.

No wonder, Gilligan was running the show.


Over and out,

KabiN

I think this forum is the one that people are turning to now for information, as we aren't getting it anywhere else. So I hope we can keep that in mind when we're brainstorming what we do next -- we can disagree about what those steps should be without attacking each other personally.
Hustle, the government has just bailed out the forestry industry, and I'll bet it does so with Quebecor very soon as well. There is a spring election coming -- the last thing they want is negative news.
I suggested that a government bailout and new management might yet save a mine that a lot of people were counting on. If there are actually any diamonds up there, that's not a waste of taxpayer's dollars, but an investment in them. A working mine that generates wealth, creates jobs and puts us on the international map for conflict-free diamonds is a good thing. A bankrupt empty shell sitting on kimberlite doesn't serve anyone's interests.
If there aren't any diamonds, and this was another Bre-X type situation, and we were all taken for a ride by the management, then like everyone else, I want justice.
That's all I'm suggesting -- try to get some answers, and see what happens next. And yes, H, you were way out front on this one when it came to predicting bad news. Maybe you can tell us what you saw in the financials that we missed, so that we can avoid making the same mistakes in the future? Cheers, antiki

Where are you from Hustlebut? Have you any idea how ridiculous your comment is regarding "there will always be something in Nunavut"? Best research before you spew. Resource development is huge for the north and this mine meant a sustainable future for many Nunavummiut. They are also being hit with the US potential ban on polar bear hunts. Many northern guides rely on this for their livelihood. Carving out a living in the north is not as comfy as walking down endless city blocks dropping off resumes.

Hi everyone, I don't know about the rest of you, how much everyone put in or will lose (none of my business) and if tah goes under and i lose my investment, yes, it will hurt, i don't expect to get my money back but i would like to see the govt. do something about these a..holes so they can't screw anyone else over and to send a message to other guys that are pulling the same b.s., if we send letters in and something comes of it that stops these guys doing something like this then great, i am still hoping something turns around and tah can be saved, not only for the investors but for the people living and working there. good day everyone jag

news release, tahera suspends mining, totally,utterly disgusting.

Jan 23, 2008 5:20:13 PM

TORONTO, Jan. 23, 2008 (Canada NewsWire via COMTEX News Network) --

Tahera Diamond Corporation ("Tahera" or the "Company") (TSX: TAH) announces today that it will suspend mining activities at the Jericho mine in approximately two weeks. The suspension of mining will preserve the Company's existing cash position and fuel inventory at the mine while it works on its previously announced re-structuring plan. Following the suspension of mining activities, ore processing and diamond recovery are planned to continue for approximately two months or until the high-grade ore stockpiles are exhausted. A concerted effort is being made with respect to mining over the next two weeks to maximize high-grade ore stockpiles. Nuna Logistics have agreed to provide site services, as required, once mining operations have been suspended and while ore processing continues.

The Company will assess all options during this period with a goal of continuing operations at its Jericho Mine.

In order to successfully declare bankrupcy in canada an entity needs the approval of 51% of the creditors, (as best I recall).

This news release suggests to me that as many personel are being laid off as possible while high grades are run through in order to get a positive cash flow and then pay off (or down) a creditor they believe to be unwilling to allow a bankruptcy; which would then enable them to sell the mine to some other creditor, who will then receive prefferd treatment and acquire the mine dirt cheap..

Anyone else care to speculate?