I have been watching is discussion for a while
With may approaching and 1st q results coming my guess for dia revenue is
$700,000
lets have some more predictions

Tahera wants to amended the 2004 stock plan so they can issue a max of 40,000,000 shares vice only 25,000,000. It's crap like this that got us up to almost 800,000,000 shares outstanding. I'm sure there are some other incentives out there for the Executives to have, maybe try promoting the company and get the pps higher, then everyone will be happy. I will even vote "yes" for the share consolidation but there is no way that I would vote for anything that lets this company issue more shares!!!!! How can they in the same breath ask for a share consolidation of 5 to 1 and then ask for permission to issue more shares?!?!?! Enough is enough, if they need to reward people on their board give them some Air miles or something.

Could this be the last straw??

__________________
Have a great one!

I agree, if they want more money tell them to raise the damn share price!

Heloman,

I've had a look on the Tahera site and couldn't find anything on the subject - where did you see this?

Regards

Mial

I wouldn't be too hard on current management and share structure. Most of the outstanding shares they're having to deal with now are a result of poor management years ago.

I received a package in the mail outlining 4 points to be voted on:

1. Election of Directors
2. Appointment of Auditors
3. Amendment to 2004 Stock Option Plan
4. Consolidation.

I believe every shareholder should be receiving a voting package for the Annual Meeting.

#3 reads - "To approve an amendment to the 2004 Stock Option Plan of the Corporation to increase the maximum number of common shares issuable thereunder from 25,000,000 common shares to 40,000,000 common shares as fully described in the accompanying information circular."

And I say, "NO MORE!"

What if they need to raise that money for the expansion for Muskox ?
Expansion of the plant, building a dike, more truck, etc...

It will take money.

Any toughts ?

Hi Taherian Dream,
here is a "crazy" idea: money they might need for those things you list below, finance it from the revenues they must be collecting now from the sales! Or are you suggesting we are stuck with financing any little thing for the rest of the mine (company's) life? Besides, I thought we were short on fuel, and it will be hard to fill the processing capacity to the end of the year, let's just not confuse current money needs with "plant expansion" and other issues that aren't on the horizon just yet. No! I say let's "tighten the belt" and not dilute our already thin share value further. Spend what you have and not ask for new money. It's crazy looking at it parallel with the R/S. just my feelings. GD

if... they get the share price back up to .77 or higher by the AGM...
(why not... it dropped quicker than that...)

OR...

There was at LEAST $15 Million reported in Revenue in Q1....(reported in an NR BEFORE the AGM!)

Yes... Peter and crew have done a great job getting the mine going, but didn't take me up on my free marketing 'proposal' (no cost to them... only a small portion of any profits to me!) that's why I'd vote no without a higher share price or good Q1 revenue!

In fact...
If there was $25 million or higher revenue in Q1, that will equate to a JD-1 pipe 'value' of ~$1 Billion+ extrapolated!

Now...
I honestly don't expect more than $2-4 Million from Q1, since Q1 was was 'SUPPOSED' to be a non-revenue 'construction finalization' quarter... (all Q1 revenue is a 'bonus' from the 'contact zone' never before accounted for in any mining or revenue projections!)

So... realistically, Q1 is **ALL** a BONUS and it will help all of us and the bottom line... but that's just my take and reasoning for the voting part for #3...

Guess what though... with all the big institutions that have gathered large positions before the RS here... they all go yes,yes,yes,yes, so it's already a done deal IMO... best we could do is send a message that the long time supporters deserve to see some positives too!

Me... I'm still buying more shares as I get free cash... just had another associate get hired by Tahera in the past couple months... so I might consider selling when we get the Anuri bulk sample results in a few years!

JMO... Have a great week!

-NTC

I understood it to mean that those would be shares made available to distribute to the Principals of the company,through the stock option plan, and not newly issued shares to be made available to the public(not to raise opperating or exploration funds).

Yes, it would still further dilute the number of oustanding shares, but, is the additional 15M shares pre R/S or post R/S? If its pre R/S then that number gets divided by 5 after the R/S. If its post R/S then it would really be an additional 15M shares.
Either way, after the R/S, it won`t make a huge increase in the number of outstanding shares. And the shares would be issued over a number of years as the Principals exercise their options.
I have not decided how I`m going to vote yet.

What Institutions do you know have bought positions? How many shares?

It`s in the ShareHolders package that the shareholders have just begun to receive. I got mine on Monday.

Are you talking Net or Gross?

what difference does it make? that would be peanuts either way.
gd