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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
Comment by Cartman666on Mar 02, 2009 9:22pm
364 Views
Post# 15815560

RE: Today's action

RE: Today's actionThat line you quoted is standard legal jargon. Even if it read: "The deal is 100% certain to close on March 12th, etc.."  - this still wouldn't be a guarantee.  We deal with this everyday. If you sell your house, the agreement says that the buyer has to come with the funds by a particular date so the deal can close. Sometimes there are delays or hiccups, but if you have a good strong buyer with a good history and financial backing, then there is no reason to worry.

FSY should be creeping up to the $6.60 range soon, but the current market sentiment is very scared overall. Some good bids seem to stack up when it drops 10 cents, suggesting that buyers know they can be patient to load up. As with any stock, buying on the dips is a good strategy here as long as you hold on to a good base amount of shares.

Cman
Bullboard Posts