TORONTO, April 25 /CNW/ - Tahera Diamond Corporation ("Tahera" or the "Company") (TSX-TAH). As previously announced, the Company intends to satisfy the alternative information guidelines recommended by Ontario Securities Commission ("OSC") Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301.

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The company has completed processing at the Jericho Mine. The processing plant and mine infrastructure are now being prepared for a period of care and maintenance. It is expected that this exercise will take a number of weeks to complete. Staff at the mine will be reduced to a level that will meet the care and maintenance work requirements.

The Company completed its most recent valuation on April 20th, 2008 where approximately 33,500 carats were valued at an average price of US $99. 00 per carat. A final valuation will be completed in May 2008, which will contain diamonds recovered from the cut-off date for the April valuation to the end of the processing.

As previously announced the Company is currently conducting its court approved marketing process of the assets of the Company and is seeking expressions of interest no later than April 28, 2008. Blair Franklin Capital Partners have been retained to manage and provide guidance during the marketing process. As previously announced, on January 16, 2008, Tahera entered into protection under the Companies' Creditors Arrangement Act (CCAA). The stay period under the court order extends to June 30, 2008.

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Have a great one!

Is anyone interested in bailing this baby out?

Doubt it. I finally sold last week. I think I got back $ 100 of my investment. antiki

Well, it'll be nice to get the final tally on size and valuation of found gems. It will likey reveal similar stones as those found in the first few months of processing.. Something in the 100 Karat range. It would only make sense, right???

I mean there would be no chance of criminal stuff like salting a mine would there???

The lawyers will have fun with this one. Somehow I feel I'd get more out of talking to a wall but it feels good to vent anyway. Gillin gave us nothing and appologizes for nothing to this day. Hopefully he enjoys justice when it happens.

So, what usually happens in a situation such as Tahera's at the present? Will Mr. Gilin and 'company' opt to go for:
1) Total bankruptcy/disintegration then turn around and start all over again with friends-pals-same old-same old business associates?
2) Reconstruction (turn the page over) and start all over in the company of ????
3) Sell to pals-others-themselves? Privetely perhaps?
4) Massive reverse and then issue massive new stock for pals-family-themselves?
Which of the four if any, would be the most offensive I wonder?
Under the circumstances, sell Tahera to the folks of the region for 1 $ will be best in my opinion……..and if they are wise, they will keep Her for themselves---Canadian..

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Cheers. Radian sparkling Green, glowing Yellow, and Snow-y transparent power to all Taherians.
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I must thank all of you for your feedback over the years. This board has been the only good part of Tahera for me. I am happy to "know" all of you fellow disgruntled investors. I still hold my Tah and I prolly won't sell; I have under a thousand dollars left anyway so it wouldn't make much difference. In any event I wish you all the best; it's been a slice!

Paul

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Have a great one!

Yes, Diamester, the board was definitely the best part. I did mean to ask, Envrio, what response did you get from Thomas Mulcair, your MP? antiki

Likewise.

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

I never meat Mr. Mulcair himself, I was however allocated one full hour with Mr. Carpenter his assistance…a very knowledgeable individual…. He said that it would have been impossible for Mr. Muclair to have presented my idea to the House of Commons. The following here was my idea---not very convincing I'm afraid.

In view of the fact that miners in Canada are excluded from Gov. subsidies, my intent was to explore for other avenues with which to argue for one, perhaps. So, while at Mr. Muclair's local office, among other things, my aim was of how to go about in convincing him to remind the top Gov. officials of their responsibility on the issue of the Arctic Sovereignty theme and while in the area why not expand a little downward towards Tahera.

So, if Tahera was to be dissolved; I felt (still do) it should have stayed partially or in whole with the local communities instead of potentially being swallowed by foreign giant Corps already on the scene or being disintegrated for that matter. Considering where Tahera was situated, and what this Corporation represented, I felt an exception could have been made where it would have entitled the Gov. of Nunavut to be the recipient of a Fed. grant with which to go on the hunt for diamonds deposits in the periphery of Jericho and to continue with the business of mining the Jericho project. The idea was (just my idea), Since Tahera had the complete mine infrastructure and was situated about on the Earth's most special location and a region rich in natural resources of an assortment of metal oars and precious stones of magnificence (conflict free) and the sort of things very much in demand, I sincerely felt that the Tahera enterprise was worth of Gov. support. More importantly, I felt a company of this nature with a mine already in operation should have been nurtured and it should have stayed in Canadian hands where it would have allowed many people…its shareholders and workers alike from across this land and everywhere else, to share in her potential riches.

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Cheers. Radian sparkling Green, glowing Yellow, and Snow-y transparent power to all Taherians.
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Well, goodbye, everybody. If it turns out that Tahera is bought up by some new company and giant pink diamonds are discovered, I propose we all come back here and plot who to sue. Until then, I guess we're done, boys. All the best to you. Sorry we never made it to that Caribbean bar we used to fantasize about going to for a drink once we all made our millions. Glad to have met you all - proud to know you. Antiki

It's been great to post with you. Thanks for all of your insight over the years. I'm holding till she sinks, primarily because if Gillin and buds are going to pull a fast one and revamp things. I am going to be in on it. I will not sell now. I'll check back here in the ensuing months to see who's launching what class action and whose being the scapegoat etc.
Thanks again.

CdnInvestor.

So, I understand the good byes.... but what I don't understand is the "no news", yet the price has fallend even further... it hung at 6-7 cents... not sure why... but it did... now it is at 4..... so less than a penny pre-split...

What's the scoop?