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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
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Post by sellpubson Aug 25, 2009 6:01pm
408 Views
Post# 16248845

Counterintuitive Decision

Counterintuitive DecisionHow could the management, after 10 long months, finally decide to scrap the deal when they are literally DAYS away from closing a massive $7 acquisition. HONESTLY? lol

I'm not even a shareholder but that is so bogus, it doesn't make any sense. Now they will be in a legal battle for the silly $20M break-fee for another 6+ months guaranteed.

If you waited 10months, wait atleast another few days come on! Unless there is so real debauchery going on behind closed doors and GFI is waffling about, it would have been smarter to wait.

Just a big waste of time for the management group considering they now changed their mind and don't want to sell. damn. Feel sorry for the SH's would hoped it was a done deal.

Bad for FSY SH's
Bad for GFI reputation
Bad for Uranium sector

Good for the lawyers and charging mega fees to settle this fallout. hah

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