Price is weaker on the open so the alert is now cancelled

A40 sellers pressed price lower today to touch 0.205 so the alert is now cancelled. We will keep an eye on this for further action and a volume increase as there are new shares issued at 0.20 which could pressure the action lower.

Alert History

Original Alert 22/05/19

New Buy Entry Alert A40

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $274.11 Million Market Cap, VWAP 0.22, ASX Ranking 466, 4 Week Av Turnover $478,219, Current Turnover (Intraday as at time of alert) $550,524.

Company Overview : Alliance Minerals Assets Limited (A40) is a public company incorporated in Australia. Company aim to complete the refurbishment of the Bald Hill Treatment Plant and recommission the Bald Hill Tantalite Mine for the purpose of re-commencing mining and treatment of Tantalite Ore at the Bald Hill Project, with the end product being processed to beTantalite concentrate. The Company currently has a 50% interest in the Bald Hill Project. Section 5.2 of the Scheme Booklet provides details of the Company’s history, the Company’s interest in the Bald Hill Project and its other recent activities.

Broker Consensus : Not covered by a major broker

A40 – Alliance Minerals Assets Limited

A40 is having a good day with buyers getting active to lift price off a higher low. We can see the volume increasing so buyers are showing their hand. We are happy to buy on a push up through 0.235 and will hold the stop loss at 0.20. If price pushes below the 0.205 prior to entry, then cancel the alert and we will re-assess the action.

Stock Code : A40 – Alliance Minerals Assets Limited

Company Website : www.allianceminerals.com.au

Current Price : 0.22

New Buy Entry (Trigger Level) : 0.235

Potential Sell Exit Zone (Stop Loss) : 0.205

Status : On watch for Buy Entry Trigger