Ann: Transaction with Pacific State Metals terminated, page-7

If you look at the announcement of 7 August, this whole thing looks like a nothing burger.
The consideration for the vend was going to be a holding in the newly listed entity. It's not as though we were expecting a large cash injection. The punters who were hoping for the next Fosterville on the back of a few drill results are heading for the exit. As always, sentiment trumps value, and I think it's fair to say sentiment is in the toilet.

I, for one, am here for Greater Fosterville. Easy hold at these levels. Waiting patiently. A deal of some sort with Agnico would be welcome news.