RE: good article - stencil07FSY is sitting on approximately 44 million in cash or cash equivalents right now.
We should be getting the news on drill results this week which i hear are amazing.
With regards to the latest share price tank for FSY, there was major shorting occurring to bring this down to below $3 at which time it forced margin selling at many institutions for many.....add in the latest market meltdown and kiss $4 / share bye-bye. Let's not forget that all these shares will need to be covered and if people would hang onto their shares this short would get their b@lls squeezed!!
Thanks for the article Stencil07. Personally I believe that most analysts have become too negative on Uranium just like everyone was too positive in 2006, hence why i think now is a good time to be loading up on producers and near term producers.
Look for FSY to run up to its 200 dma around 3.60 this week. IMHO
Good Luck to All!