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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Forsys Metals Corp. is a Canada-based company, which is engaged in the business of acquiring, exploring and developing mineral properties. The Company is principally focused on advancing the Norasa Uranium Project, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd comprising the Valencia Uranium deposit (ML149) and the nearby Namibplaas Uranium deposit (EPL3638) in the politically friendly jurisdiction of Namibia. 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

Bullboard Posts
Comment by ArtBechsteinon Feb 07, 2007 4:25pm
336 Views
Post# 12182468

RE: Intreday chart showing buyers

RE: Intreday chart showing buyersI watched todays trading action quite closely and came to the conclusion that some market participants tried to tackle the share price in order to buy out some weak hands and/or to trigger some stop-loss selling. On the other hand it's fairly obvious that it cost to many stocks to bring down the share price further down and in a zone between 6.45 and 6.50 the protection team used to jump in and take out the overhang. But the short-sellers really worked hard today and it's pretty nice to see how the ASK was constantly been lowered (to my knowledge down-tick short-selling is not allowed in Canada - right?). Honestly - I have hoped for a news release this week in regard of the placement, spin-off and probably new tenements that have been already granted to JV partner Ancash (according to official Namibian EPL list) but apperently FSY is planning a major company update containing the beforementioned aspects + the pre-feasibility report incl. resource update. Art
Bullboard Posts