Thanks Chaching...
Under those condition, It's a no unless they improve a lot on their PR and get us back in the high seventies !

"the ShareHolders package that the shareholders have just begun to receive. I got mine on Monday."

Am I the only one who didn't receive his package yet ?

Do they say on what date they will release the 1st quarter reports ?

TD gets me two different date and I didn't find anything on Tah site ???
I have April 27 and May 8 on TD site.
May 8 is the proposed date only. I would like to know a confirmed date, if there's any.

Thanks

Make the dream come true... I'm ready now

The issuing of new issue shares goes on all the time with companies. It's not right. I don't like it, but it happens. I like to call it white collar crime. They don't need to do this. A better way would be for them to buy back their own shares and distribute those shares. That would be the opposite to dilution and would raise the share price to what ever level they want.

On a related issue... Check out in that same hard copy, how many other companies they are related to. Members of the board in other companies. Now look at how much money they make, salary for being on the board of tahera. How much do they make at the other boards? How much money is enough? Couldn't we just wait till there is a lot of money coming from Diamond sales?

Tahera is in a transition period. Before this time, they needed us. We were the way to pull in new money. Now this is changing. Now they are turning profits and they have to share with us. If they can scare us out of the market and then buy back shares at low low prices. This is good for them. Then as they are buying back shares the share price goes way up and the scared shorters loose out. Did I say white collar crime cause I use quiet a bit lately. This happened a year ago when Rogers cable bought Sprint Canada last year. If anyone wants me to run on obout that eg. I will in another post. It's quiet a story that works out good in the end.

Take care

Hi. I agree. Rather than issue more shares for "bonus payments / incentive plans", buy back some of the stock now/soon and reserve it for principles to exercise options later, and better yet, tie the exercising of options to both a time period and a share value... e.g. 1 year & double ...

I don't understand what the big deal is. Full production has always been discussed / said to be April 1, 2006, which is the start of Q2. Q1 results won't really mean much, will they? Wouldn't 2Q2006 results announced around August 1 be more important?

Also noticing the last ~10 days trading volume has really trailed off... You have to go back several months (6?) to find a day with less than a million shares traded. What does this mean? I it all hold and wait and see Q1 results?

Anyone?

700K gross could get widdled down to -700k (or worse) after expenses. 700k net, during the a first quarter when no income was expected, I would be very happy with that.

The package was printed on April 4th. I have received a second one today, as I have shares in two seperate accounts. So I immagine that it will take a week or two to get distributed accross the country. The annual and special meeting will be held on May 15 at 10am.

Your vote needs to be received no later than one business day prior to the proxy deposit date, and the proxy deposit date is May 11.

Hello all, i just received my shareholders package as well. Have they decided on a final share price? After "they" start buying back the shares, what kind of run can we expect? Since the announcement, like you said the share price has dropped, and a lot of people are probably feeling a little uneasy about the shares regaining strength.
thnx

hello Runningman,
just who are you referring to when you say: "Have they decided on a final share price"? the "market" decides the share price! and yesterday's drop is mainly due to the TSX's drop (because of China's rate hike and also the "quick money" taking profits from the overheated commodity market). It will most likely drop further (and so may Tahera with it) in my opinion. 52 cent "bottom" wouldn't surprise me very much. Just my take on the situation, don't read much into it .
gd

Just a question for anyone here who might be able to help me. I am trying to buy another 1000 shares of Tahera. I put a limit buy at .55 in a few days ago, and yesterday I saw a lot of trades go through at .55 but my order is still open. Do you know how the buys are prioritized? Do they go largest number of shares first? or longest standing orders first? Just wondering what is the best thing to do to try to make a buy at the price that I want. I know it isn't strictly a Tahera question, but I am Canadian and using CIBC investor's edge online. I thought someone might be able to enlighten me.

Thanks from another Northerner. (no stranger to Winter roads here......although I am only in Manitoba...

Hey Otenn.

A limit buy order specifies the maximum price you are willing to pay for the shares. So if the price was $0.56 yesterday, your broker won't buy them since your max is $0.55. A somewhat different feature is the "buy on stop" feature will buy when the price moves through a target value. If you used a "buy on stop" order at $0.55, you would have bought when it hit $0.56.

In terms of priority, it is usually given to whomever is offering the most money:
eg: Bid:$0.50 Ask:$0.55 -> If both our orders went in at the same time and yours was for $0.52 and mine was for $0.53, I would get first priority. Otherwise it is first come first serve.

Good luck. Someone clarify if need be
A-Rad

I haven't looked at this site for about 8 months, and it seems like people have more 'theories' about tahera now than ever.

At the end of the day, their whole share price is based on their current small mine in Jericho (producing as many diamonds as they hope and not having high costs due to unfavourable ice road conditions, etc), but mainly their "elephant" - the Muskok project.

Putting your $ in this is a complete crap shoot. I personally know peter and know that sure he is a solid guy who can come up w/ swanky financing deals because of his past tenure as an ibanking 'hero' and tahera has high hopes and a good program, but buying their stock is a complete gamble because no one actually knows what they will end up having, not even the guys running the place.

Thanks.

The company isn't "Buying-back any shares". I think that you misinterpreted something.

Beware Beware Beware

I read into the details of the proposed "amendment to the stock option plan" as well as the R/S proposal last night, and here is my interpretion.


PLEASE READ THIS CAREFULLY.

If you don`t agree with I am about to say, then please re-read your package before you reply. If your opinion is still the same, then please prove me wrong because I really think that we are going to get screwed with this deal.

It isn`t by coincidence that the Directors are planning an amendment to the stock option plan at the same time as the R/S. The company is playing a wicked game of smoke-and-mirrors with us and they were taking a gamble that no one would notice !!!!!!
Here`s what I mean: the problem with the proposed addition of shares to the stock option plan is not found in the "amendment", but rather it is in the section dealing with the R/S. The language of the R/S reads: (page 7 of the package, top of the page, second line) "....consolidate all issued and oustanding shares of the coorporation..."
Shares that are reserved for the stock option plan are just that, they are reserved until someone exercises their options at which point the shares become issued and oustanding. Prior to someone exercising their options, those shares are not issued and not oustanding. The significance of what this means is that these "RESERVED SHARES" are not subject to the R/S. They are excluded from the R/S.

So, to expand on the significance of this, I did a little bit of math.
In March of this year, there were 769M oustanding shares. The 2004 stock option plan had a reserve of 25M shares. The reserved shares constituted 3.25% of the total oustanding. With me so far?

The Board wants to add another 15M shares to the stock option plan.
If those shares are unafected by the R/S, 15M shares before the R/S would still be 15M shares after the R/S. But, the 769M shares pre-R/S become 153.8M shares after the R/S. Here`s the clincher: these new reserved share now would constitute 9.75% of the oustanding shares and if you add-in the unspent balace of the current 2.45M reserved shares, the ratio icreases to nearly 11% . This is way too much dilution. 3% I can live with, 11% NO.

I voted Online last night, I voted NO to this proposal.

Does any one know when the anouncement is coming out for the production and Jerhico mine update? I thought is was today? thanks

New to the forum...but have been following the comments for a long time.
What do you make of this Quote?

"Thank you for your interest in Tahera Diamond Corporation. To address
your query, all options, warrants and restricted shares are included in
the proposed consolidation. As per April 6th press release, if approved,
the consolidation will reduce the number of Common Shares outstanding to
approximately 154 million (167 million if all outstanding instruments
were converted).

Regards,

Tahera Diamond Corporation"

Cheers