Is this the first of many., page-18

no worries mate !

I do try to be rational, but like every other person on the planet ....will tend to seek info that confirms what I believe. So to try to combat this I attempt the following:

1. chk multiple data sources
2. ALWAYS chk your assumptions
3. always ask questions (which is why I think HC is very useful .......everyone has an opinion!)
4. ask yourself the "what if I am wrong" question ....
5. re-do yuour valn estimates ......and then re-ask the value versus price question !

at present, we (indeed 95% of the entire Ni industry) is in survival mode. There is a good article from the head of Norlisk ........basically he states (and I agree with him) that the world has had access to "free" capital for 10+ years. This has led to huge investments in capacity in practically every industry on the planet (iron-ore ......lng .......even nickel !!!).

the game has changed .....in that access to capital is now starting to be "restricted" (ie go down to yr bank and chk what deposit is requirted to buy a property .........20% ......versus say 5% 18 months ago).

if we get a couple of large co's going broke - it will accelerate the "clean out" ........otherwise the death by 1000 cuts will continue. The fact that quite a few of the big guys have high levels of debt .......is a positive for little mincor !

rgds
V_H