Jean-Francois Tardif
Forsys Metals
FSY-T
DON'T BUY
Jan 10, 2007
Uranium play in Namibia. They will have high costs, but as the price of uranium goes up, it could grow. It will take years and years. Because of its recent run, he wouldn't buy at this time.
Has a project in Namibia, which is a little higher cost than he would like. Should come on stream over time. There is some insider buying. This country has been pro-uranium for over 10 years.(Buy uranium stocks when uranium is near its bottom, possibly around $75/$80.)
Being acquired at $7 but because of the lower stock price, market indicates the deal is not going to close. Doesn't see this as a good way of making a quick buck. You are trying to beat the pros at a game that they are very, very good at.
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