Forsys Metals Corp T.FSY

Alternate Symbol(s): FOSYF

Energy

Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the acquisition, exploration and development of mineral properties. It is focused on advancing its wholly owned Norasa Uranium Project, located in the jurisdiction of Namibia, Africa, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.

TSX:FSY - Post by User

Forsys Metals Corp

Bullboard Posts

Comment by make_rubleson Jan 31, 2007 8:15am

454 Views

Post# 12129265

RE: Crazy manipulation - Art

Art, Fully agree with you. With regards to short selling in Canada: "Short sales may be made only if the price of the most recent trade in that security on the particular market is either equal to or higher than the price of the immediately previous trade in that security." So they simply load up the ask side, then the ask with a small order and then short. I believe its the same in the U.S. Looking at trades yesterday there was ~200K shares that traded under $7 and as you see in small chunks from the non-main investors. Not very significant in my opinion. I'm holding until they are either taken out OR they go to production....unless I get the $20 per share now

P.S. Do you know anything about XE.V, a spec play in Namibia? Any thoughts would very much be appreciated. Good Luck and thanks for the great info you provide!