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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

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

Bullboard Posts
Post by vectorcanon Aug 31, 2007 1:04am
598 Views
Post# 13326375

Impact margin calls

Impact margin callsMargin must be increased because this was a $5 stock at beginning of Aug. In fact, several big Canadian brokerages will not carry debt on stocks that fall below $5. I suspect FSY is experiencing heavy margin calls or outright sell calls in recent day. Month-end is when debt needs to be cleared. The volatility related to margin is creating a whopper of a buying op, IMO.
Bullboard Posts