BML Timeline, page-14

http://www.bloomberg.com/news/artic...ps-on-metal-price-outlook-as-russia-adrs-gain

Thought this was appropriate due to BCLs off take agreement with Norilsk, good to see some positives in the local (for BML) nickel space. Just attached an article from late last year below to show Norilsk/BCL agreement

http://www.nornik.ru/en/newsroom/ne...for-the-sale-of-its-african-operations-to-bcl
"In addition, Norilsk Nickel (via MTO) will enter into a matte off-take agreement with BCL, whereby the matte will be supplied for processing to Norilsk Nickel’s Harjavalta refinery in Finland."

Not happy with current SP, bargain for some, but I still see upside in the long picture, I sold 1/5 th of holdings on the way down but holding the rest, hindsight says I could have tripled my holdings but hindsights a smart ass that's always right after the fact. Hopefully holding into a raising might offer me some cheap shares with some freebies to boot.

Talked to Pat in Melbourne at the lunch and mentioned my disappointment with SP, he confidently reassured me, other than the price of nickel, nothing's changed fundamentally, just short term holders making an exit on news, if anything more boxes ticked with JORC and plenty more news on the way. As for Steves presentation, while I can't claim to have done it any better, some more planning and practice may have helped, I wanted to hear enthusiasm and excitement of the potential of the company, short and to the point. I felt opportunity was lost in delivery. At least the video played was clear and to the point.

Part of me wonders if it's all just par for the course in this arena, the ebbs and flows. This time last year SP started spiking over 2 months from lower lows to 4.1 based on the JV agreement and strong nickel price, we now have a JV partnership operating closer to its target with no signs of abatement, approval from JV partner to fund further exploration at Takane (the area not in original JV exploration plans, initial plans were for Maibele, Airstrip and Dibete) an actual resource based on current QA/QC measures, not just speculation based on historic drilling, potential for expansion from infill drilling, Cobalt inclusion, oxidised material if it can be processed, further drilling of mapped conductors, let alone possible extension of strike in multiple directions and I could keep going.

It's possible this situation is simply the fallout of the lowest nickel price in 6 years, something I certainly never saw coming and won't forget in a hurry, however this also appears to be reversing at a great rate, barely stopping to acknowledge points of resistance on the way up, and while its got a long way to go, I'm hoping this trend continues. The trend is your friend they say, well it's my best mate at the moment, but I'm keeping a very close eye on it. One positive that has come from the lower SP is that buy volumes have increased dramatically, something that was definitely holding it back recently, that's one way to get some interest
Feel free to add or correct anything if necessary

All IMO and DYOR,
Cheers HF