CH7 Countdown clock

COUNTDOWN  

The clock has struck midnight and the results are now out.

News release -- January 12th news

Here is a photo of some of the diamonds:

Next up will be valuation report that coincides with a very, very important diamond breakage report.
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The clock is still running down for the ch-7 bulk sample results and will need to wait until next week to see if the news will be unravelled.

Next target will  probably be Monday (Jan 11th) at market's close. Beyond that, check each morning before trading and any sign of news after market close.

The next key event is January 15th - The day US right holders have to declare that they are still eligible to exercise in the current right's offering..otherwise the holders of the rights will try and liquidate them on a best efforts basis.

January 26th is the last day to exercise rights. News is expected before this date comes to pass.
 
Several key events have passed (tax loss selling deadline, xmas, etc.) and now it is looking forward to each and every business day that goes by and any one of those business days has the potential to include a news release on the CH-7 bulk sample. Time is ticking....

The second most material event for the Chidliak project (next to CH-6 diamond valuations and grades) is the CH-7 bulk sample program.

The last of the Concentrate from Domain 2 is in the midst of final diamond recovery (x-ray/grease table/sorting/etc.). This should be complete by the end of 2015. There is a bit of an XMAS break, so it more likely a significant news release will occur sometime in the first full week of January....possibly second week. Diamond photos and grade will be the deliverable in this case.

The risk/reward opportunity here is very significant -- Risk Reward

What other macro events happen during this time?

Dec. 24th - Last day for tax loss selling in Canada. Markets close early at 1 pm Eastern.  This sometimes leads to an XMAS rally on the following business days.

Annuals are now out. Confirmation that the DMS (dense media seperation) of the material has been completed for all domains (domain 2 was the last one to go). Everything has been moved to the diamond recovery phase and that is to be completed sometime in December. Results will follow. 

For a history of CH7 and the bulk sample program:

Journey of 558 Tonnes

CH7 Details

Domain 5 details

CH7 Nodules

The time is getting very near for the SRC (Saskatchwan Research Council) to deliver these big results to Peregrine Diamonds. 

In addition to the CH-7 results, the biggest part of the upcoming PEA is the high margin CH-6 pipe -- Value Matrix