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American Creek Resources Ltd ACKRF


Primary Symbol: V.AMK

American Creek Resources Ltd. is a Canada-based junior mineral exploration company, which is engaged in the acquisition and exploration of mineral properties, principally for precious metal deposits. The Company’s projects include Treaty Creek and Austruck-Bonanza. The Treaty Creek Project covers approximately 114 square km in the Skeena Mining District of northern British Columbia and is situated approximately 70 km north of Stewart. The Austruck-Bonanza Property is located within the Kamloops Mining Division 53 kilometers north-west of the city of Kamloops in south central British Columbia. The Austruck-Bonanza Property is underlain by Devonian to Triassic Harper Ranch formation comprised of fine grade sedimentary rocks including mudstone and shale and includes basaltic volcanics. The Company holds 100% interest in the Austruck-Bonanza Property and 20% interest in the Treaty Creek project.


TSXV:AMK - Post by User

Post by Stockmoves1on Feb 29, 2024 9:43am
73 Views
Post# 35906156

What's Next?

What's Next?Technically speaking, TUD is positioned for further weakness, and aught to test as low as 67-72 .. For it to hang in here the way it is, I find interesting. One never really knows. For the stock to be hanging in by it's finger nails allows MM's to play the stock to their benefit well. Is it being accumulated? Is this allowing shorts to cover? anyones guess. What we do know is the story just gets better every day and what we don't know, is whats around the corner. With PDAC coming, perhaps volumes pick up a little. With adequate cash to get us well into this year and financing somewhat sorted out, we are well on our way to a PEA this coming year. I suspect it will take another year of patience, and not a lot of change, unless we continue to find a lot more high grade this coming year, and/or we get a breakout in Gold. That remains our best possible outcome. A rally in Gold, with oversold commodities, will force the hand of many, and drive these stocks up multiple levels. If we are to do a deal with any major, it is far better to see the stock sitting at 3-4$ first, not lagging down at these levels. I am very impressed how AMK is hanging in.. My suspicion is we a see a small run on TUD allowing AMK boiler mystros, or shall I say shysters, to capitalize by pushing AMK back to 20cts again.. Back and forth allows these guys to make some cash playing Joe for a few dollars in both directions. Money is not made sitting on our hands.

Long on AMK ..
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