Partial Exit locked away and now happy to lock in further gains and raise the risk level

Current Active Alert Management PRU

Time Frame : Daily/Weekly

Broker Consensus : BUY

PRU – Perseus Mining Limited

PRU has moved up on the open to push through 0.895 so we have managed to lock away some gains. Now happy to tighten up the risk level and move the Stop Loss up to 0.775 from 0.75. We expect Gold to continue higher as caution on trade relations between the US and China enter the market and bring in further safe haven buyers to the precious metal.

Stock Code : PRU – Perseus Mining Limited

Company Website : www.perseusmining.com

Current Price : 0.89

Previous Buy Entry (Trigger Level) : 0.805

New Remaining Sell Exit Zone (Stop Loss) : 0.775

Previous 50% Partial Exit Zone (Partial Exit) : 0.895

Status : On watch for continuation higher to lock in further gains

Alert History

Previous Alert 30/10/19

Current Active Alert Management PRU

Time Frame : Daily/Weekly

Broker Consensus : BUY

PRU – Perseus Mining Limited

PRU has kicked on nicely and continues to gain momentum. We are happy now to look for an opportunity to lock away some gains and also raise the remaining risk level. Moving the Stop Loss to 0.75 and will lock away gains up around the 0.895 zone. We may have to adjust the partial exit level if price starts to run out of steam.

Stock Code : PRU – Perseus Mining Limited

Company Website : www.perseusmining.com

Current Price : 0.85

Previous Buy Entry (Trigger Level) : 0.805

New Sell Exit Zone (Stop Loss/Cancel Level) : 0.75

New Potential 50% Partial Exit Zone (Partial Exit) : 0.895

Status : On watch for continuation higher and partial exit

Previous Alert 28/10/19

Buyers start the march higher and trigger the Buy Entry Level on PRU at 0.805 so the alert is now active. The Stop Loss is held at 0.70 and the current price is trading at 0.81.

Original Buy Entry Alert 24/10/19

New Buy Entry Alert PRU

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $893.51 Million Market Cap, VWAP 0.77, ASX Ranking 267, 4 Week Av Turnover $4,025,870, Current Turnover (Intraday as at time of alert) $1,064,207.

Company Overview : Perseus Mining Limited (PRU) is engaged in mining operations and the sale of gold, mineral exploration and gold project evaluation and development in Republics of Ghana and Cote d’Ivoire, in West Africa. Currently, PRU is focused on its two key projects, the Edikan Gold Mine (EGM) in Ghana and the Sissingue Gold Project (SGP) in Cote d’Ivoire.

Broker Consensus : BUY

PRU – Perseus Mining Limited

PRU has spent a lot of time building and holding support around 0.67 with longer term buyers set to join in the action if price breaks out to new highs. We are happy to buy on a push up through 0.805 with a Stop Loss at 0.70. If price falls below 0.70 prior to entry, we will cancel the alert and re-assess the action.

Stock Code : PRU – Perseus Mining Limited

Company Website : www.perseusmining.com

Current Price : 0.775

New Potential Buy Entry (Trigger Level) : 0.805

Potential Sell Exit Zone (Stop Loss/Cancel Level) : 0.70

Status : On watch for Buy Entry Trigger