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 Cartman666on Mar 02, 2009 1:33pm

427 Views

Post# 15814301

RE: Today's action

There is no question that with the TSX crapping all over itself, margin calls are being triggered. It's also safe to say that the type of investor who buys resource stocks also likely buys on margin. FSY is a good candidate to sell to cover the margin, with hopes of jumping back in under $6.60 again. The next leg up will be to $6.60ish, making $6.50 new support in the short term.

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