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American Creek Resources Ltd V.AMK

Alternate Symbol(s):  ACKRF

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

Comment by Stockmoves1on Jan 23, 2024 9:42am
151 Views
Post# 35840572

RE:RE:RE:RE:The need for Cash ..

RE:RE:RE:RE:The need for Cash ..Some of us have been in this game long enough to witness this statement of yours not once, but many times.. Let's not forget the best rallies only happen when the sector is so beaten up most have fled, fallen, lost hope. It seems to be the way. As far as rallies go, when buying comes in and traders and institutions see opportunity, stocks on ave go up 5 to 10 times off bottom.. As you say, this particular resource has so much merit that a bidding war is likely in the right market. Never lose hope. For this reason I moved 50% of my holdings over to a TFSA account with my broker so I'm forced not to trade it. Fingers crossed this plays out to our advantage. Good luck to us longs.

"On the PRO side, if we can finally see a strong bull market in gold stocks and more specifically gold junior explorers, the Treaty project is massive enough in scale and has many positive attributes, meaning that it should be the subject of a strong bidding war. Those bidding wars can be incredibly exciting and add serious value as the premiums to market rise with each competing bid. We have an asset that should trigger an intense bidding war, assuming we have a strong gold market that aligns."
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