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  #751 (permalink)   Spam Kill
Old 04-28-2006, 06:04 PM
GolfDude GolfDude is offline
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Wink buying their stock is a complete gamble because

name one stock/company that is not the same in that respect (buying their stock is a complete crap shoot). isn't that what the stock market is all about? you didn't say anything new. now! would I go and invest 100% of my money in Tahera? no. but how is Google, or Microsoft or Goldcorp better? or Lablaws or Walmart or Shell... I am not going to list them all . you got the picture, I am sure. we all know that it's risky, but live with it. however! saying that Tahera is all about Jericho!? you may view it that way at the moment, but most of us on this board are not in the "daytrading" business. if Muskox or Anuri (later) comes thru, that's what most of us are counting on. And it may very well happen! anyhow, I don't want to convince anybody either way. just my approach. and one other thing: if Gillin didn't believe in the project or future price increase, I am sure he would have cashed out long time ago at 80 (83) cents. I think he hasn't just yet. But since you know him, perhaps you have a better chance to ask him and get an answer .
gd

Quote:
Originally Posted by need to know basis
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.
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  #752 (permalink)   Spam Kill
Old 04-28-2006, 09:22 PM
antiki antiki is offline
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Quote:
Originally Posted by Chaching
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.
Hello Chaching,
I saw that too, and it made me uncomfortable. I have voted "NO" as well. antiki
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  #753 (permalink)   Spam Kill
Old 04-28-2006, 09:42 PM
WingAndAPrayer WingAndAPrayer is offline
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Vote against stock plan changes.

Quote:
Originally Posted by antiki
Hello Chaching,
I saw that too, and it made me uncomfortable. I have voted "NO" as well. antiki
I voted no as well. Just now. It may not be a bad thing, but it is not exactly explained well, and seems to have been snuck in there. I looked at the principals' compensation charts... I wish I had that sort of money coming in. If they need more money, then get the stock price up... we will all win then.
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  #754 (permalink)   Spam Kill
Old 04-28-2006, 10:23 PM
GolfDude GolfDude is offline
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Thumbs down me too is not liking... :)

me too is hating if someone sneaking in thru back door . me is voting no for item 3.

Quote:
Originally Posted by WingAndAPrayer
I voted no as well. Just now. It may not be a bad thing, but it is not exactly explained well, and seems to have been snuck in there. I looked at the principals' compensation charts... I wish I had that sort of money coming in. If they need more money, then get the stock price up... we will all win then.
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  #755 (permalink)   Spam Kill
Old 04-28-2006, 11:27 PM
diameister diameister is offline
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no to option 3

Yes! vote no to option 3 I agree whole heartedly!!!!!!!!!


Quote:
Originally Posted by GolfDude
me too is hating if someone sneaking in thru back door . me is voting no for item 3.
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  #756 (permalink)   Spam Kill
Old 04-29-2006, 02:32 PM
diameister diameister is offline
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getting out

Quote:
Originally Posted by diameister
Yes! vote no to option 3 I agree whole heartedly!!!!!!!!!
I voted no to option 3 this makes me very uneasy why would they try to pull a fast one like that?? Don't they know how it makes them appear? My faith is rapidly deteriorating in management; I better see some good news soon! Thank you Chaching for your post! It was a very good observation.
D.
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  #757 (permalink)   Spam Kill
Old 04-29-2006, 04:15 PM
ASAPJUN ASAPJUN is offline
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Quote:
Originally Posted by diameister
I voted no to option 3 this makes me very uneasy why would they try to pull a fast one like that?? Don't they know how it makes them appear? My faith is rapidly deteriorating in management; I better see some good news soon! Thank you Chaching for your post! It was a very good observation.
D.
also voted no on 3
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  #758 (permalink)   Spam Kill
Old 04-29-2006, 10:11 PM
GolfDude GolfDude is offline
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supply & demend for diamonds - RobTV

if somebody wants to listen to it on www.robtv.com:
Thursday, April 27, 2006 8:30 PM ET
Money Talk with Patricia Lovett Reid
Energy, Gold and Materials
Ari Levy, vice president and director, TD Asset Management
Margot Naudie, managing director, TD Asset Management

At about 13 minutes into the programme she (Margot Naudie) talks about demend for diamonds increasing by about 15% (if I hear the number correctly)for the next 8 to 10 years, because no new diamond mines are coming on line during this period...
it sounds good from Tahera's perspective.
GD
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  #759 (permalink)   Spam Kill
Old 04-29-2006, 10:28 PM
Chaching Chaching is offline
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Quote:
Originally Posted by GolfDude
if somebody wants to listen to it on www.robtv.com:
Thursday, April 27, 2006 8:30 PM ET
Money Talk with Patricia Lovett Reid
Energy, Gold and Materials
Ari Levy, vice president and director, TD Asset Management
Margot Naudie, managing director, TD Asset Management

At about 13 minutes into the programme she (Margot Naudie) talks about demend for diamonds increasing by about 15% (if I hear the number correctly)for the next 8 to 10 years, because no new diamond mines are coming on line during this period...
it sounds good from Tahera's perspective.
GD

Thanks for that, GolfDude. Actually she said 50% over the next 8-10 years. On the other hand, she says that there will not be any new production of Diamonds to come online during that time frame. So, what about DeBeers` two projects that are about to come online? (Snap lake and the other one in Ontario) DeBeers will also begin to mine Aluvial diamonds off the coast of Africa soon. Searchgold is also ramping up for production in Africa. And what about Tahera? Ekati is going to bring a few more of it`s pipes into production soon too. I don`t think that she`s very well informed.

Yes demand is growing and valuations are increasing, but I wouldn`t place too much faith in what she said.

Last edited by Chaching : 04-29-2006 at 10:38 PM.
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  #760 (permalink)   Spam Kill
Old 04-29-2006, 10:42 PM
EnviroCat EnviroCat is offline
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Quote:
Originally Posted by antiki
Hello Chaching,
I saw that too, and it made me uncomfortable. I have voted "NO" as well. antiki
Hello antiki,
May I ask, what aspect of the stock option plan amendment would make you most "uncomfortable" in this case?

I think the whole matter in this occurrence is only a mild degree of selfishness on the part of Tahera's "key officers" and I am prepared, though reluctantly, (havn't done it yet) to give them my vote on item 3. Yes, it can be misinterpreted when they state on page 6 (vs Chaching's discovery on page 7 on the RS issue) that this increase of shares would only represent 2.3% of the total shares but, I hesitate to believe that it was meant to deceive us. Unless of course they suppose that the entire Tahera independant shareholder population is stupid and/or ignorant.
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Cheers. Radian sparkling Green, glowing Yellow, and Snow-y transparent power to all Taherians.
************

Last edited by EnviroCat : 04-30-2006 at 03:41 AM.
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  #761 (permalink)   Spam Kill
Old 04-29-2006, 10:48 PM
GolfDude GolfDude is offline
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yes, she said that...

hi Chaching,
yes, that comment of hers (no new production) puzzled me too, but she was a "bit" exaggarating I suppose and perhaps she was speaking not so much form the Canadian viewpoint than globally (no new mines in Russia or Southafrica). but you are right. She may not be the best informed in the diamond area . nevertheless, her prediction on increase of demend (if she is correct) is still encouraging (to me at least). all that aside, I am beginning to believe that Tiffany was pretty smart to lock in the supply from Tahera.
cheers to that and to a diamond-rich future !
gd

Quote:
Originally Posted by Chaching
Thanks for that, GolfDude. Actually she said 50% over the next 8-10 years. On the other hand, she says that there will not be any new production of Diamonds to come online during that time frame. So, what about DeBeers` two projects that are about to come online? And what about Tahera? I don`t think that she`s very well informed.
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  #762 (permalink)   Spam Kill
Old 04-30-2006, 07:41 AM
Cjharlie Cjharlie is offline
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My humble opinion on stock option plan amendment

Here is my opinion on the amendment proposed by Tahera Board.
First lets all take a look at why the board proposes the change.
Page 6 (top paragraph) specifies that the board believes the stock option plan has been (and will continue) to be benificial in ATTRACTING,RETAINING,MOTIVATING the key officers needed by the corporation. I strongly agree but enough is enough !!!!!
I presently own 100,000 shares of tahera,acumulated over the past 2 years.
This investment (LONG TERM) is held in my self directed RRSP. After raising my family,putting the kids through school,etc,It would not be truthfull to make you believe there is millions in the account.Being a railroader,the money comes from hard work,long hours,many graveyard shifts,sweat and tears At present time i am just breaking even(average cost$00.57) but like most of us have my fingers crossed and hope to reap rewards somewhere down the road,permitting me to take a well deserved retirement after 40 years of hard earned service. My long term (hopes) way back when was for someday attaining $5.00 (prior to any mention of reverse split)
100,000 shares x $5.00 would end up being $500,000.
When you turn too page 8 of the document and look at the amount of shares granted to and held by the senior officers of Tahera it makes me want to puke !!!
Peter Gillin=11,200,000 common shares+1,850,000 restricted shares
Daniel Johnson=5,300,000 common shares+900,000 restricted shares
Grant Ewing=3,375,000 common shares+678,500 restricted shares
Andy Gottwald=2,500,000 common shares+630,000 restricted shares
I can understand the purpose of stock option plans being an incentive for senior officers but enough is enough.
With those numbers these folks are already millionaires and if my numbers $5,00 prior to post split or $25,00 after the spilt comes true,these same people will be BILLIONAIRES.While at the same time my investment,patience,support in tahera would barely help me maintain a reasonable standard of life after retirement.
To want to go any further without showing me some results on my hard earned (invested money) is an insult to my intelligence.
There are times in life where we all get an umbrella stuck up our backsides,but like hell if i am going to let somebody open it being withdrawl (think NORTEL,ENRON etc etc)
My vote for any amendement to the stock option plan is a deffinate NO
With all due respect,the goal of this post is not to offend,but rather to pause for reflection.
Good luck to all Taherian investors.
Charlie
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  #763 (permalink)   Spam Kill
Old 04-30-2006, 02:01 PM
newcomer newcomer is offline
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unfortunately..

the management and their big-sharehloder backers will get their way. Don't buy into that "at this price I will buy your shares" pumper talk. These people own a drop in the +730 mm bucket.
Quote:
Originally Posted by antiki
Hello Chaching,
I saw that too, and it made me uncomfortable. I have voted "NO" as well. antiki
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  #764 (permalink)   Spam Kill
Old 04-30-2006, 05:33 PM
tahera1 tahera1 is offline
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IS tahera a bust?

I dont wanna down play the company, and i know alota people here will defend it to the end, because ots thier dream, and accepting its going to be a night mare is a hard thing to do, I personally bought 80,000 shares of tahera and i am extremely worried that i made a big mistake, stock market is not 100 percent full proof, when aber diamonds started in 98 at 1.50 a share and is now 50 a share, was different from tahera, nobody knew it would sky rocket like that....It seems that tahera promised everyone they would make a fortune if they invested? to good to be true if you ask me..Tahera is a bust i think,,, I have ben following it for one years, its crap..sorry people
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  #765 (permalink)   Spam Kill
Old 04-30-2006, 06:22 PM
tahera1 tahera1 is offline
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Can someone in ENGLISH, let us know what the F__ is going on with tahera?
When wil the q1 report be released? May 8th?
And if so, what will the impact be?
Is this stock a bust or no?
Let us know.../
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