Alianza Minerals
Here is a stock with over a 5 year downward channel broken, only has 150 mil shares, and currently listed at US .083 Opinions please?
Here is a stock with over a 5 year downward channel broken, only has 150 mil shares, and currently listed at US .083 Opinions please?
It seems the breakout has already been successfully back-tested. I have no idea about the company itself, but the chartology looks great
This is what Don Durret from http://www.goldstockdata.com has to say about this company:
(I highly recommend his site whenever you need a picture of a rock).
Alianza Minerals was created in 2015 from the combination of Tarsis Resources and Estrella Gold. It is a project generator without an advanced project. They have 21 early exploration projects in the Yukon, Mexico, Nevada, and Peru and 3 JVs with Hochschild Mining.
This is a high risk stock because they have not found anything yet. However, at this valuation ($6 million FD market cap), it has significant upside potential. They currently wait for drill results from the Haldane project, which is located in the Keno Hill, one of the highest grade silver districts in the world.
They have a good management team and have a good chance of finding a mine. I like the fact that insiders own 30%. They raised $690,000 this year so there is no financial risk at the moment. This could be a very successful company if they get going in the right direction and improve their balance sheet.