Same pattern every year...Share price goes up just before the annual meeting and back down after the meeting. It could be a long time before china does anything with the nickel property. They are long range planers and without a 43-101 there is no way for the market to be assured of what's in the ground. So I don't expect to see any impact on share price coming from that agreement for a long time - not weeks or months but years.
As far as picking rocks off the ground - well that's small potatoes in my opinion. It might save Jim from having to invest as much of his own cash as he has in the past but it's not enough to move the sp. I too was disappointed with the lack of probing questions at the AGM. It's as though everyone there was mesmerized. If the market was happy about the outcome of the AGM, it would be reflected in the share price. The fact that the price took such a drop today is not a good sign to say the least. This is definitely not a "get rich quick" scheme. But those who have been holding for the past 7 years or more already know that.
Cheers, and remember....don't put all your eggs in one basket.