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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

Post by Stockmoves1on Jun 19, 2024 10:10am
222 Views
Post# 36095783

Bird in Hand Buyout

Bird in Hand BuyoutIf this comes to fruition that we get the green light by Aug 5th knowing it holds a favourable possibilty how will you vote? Before you say I need a larger payout there will be many things to consider. What is the price of TUD/TUO when and if that happens. Are they still a discount to AMK at 43? TUD would have to be close to $2.60 to be equally valued. Assuming TUD is at 1.50$ on gap when this Halts for a .43 buyout you can still grab TUD. Of course there is a time delay requiring a bridge loan or enough cash on the sidelines to pile into TUD or TUO and pay for that with your buyout at a discount to what you recieved. TUD likely will not get to an equal amount but even at $1.50 it keeps you in the game and is a discount to dollars gained... So unless this market turns on a dime there are other gem plays still really beaten up that allow you to maximize value in the Golden Triangle, Gold sector. Consider a Bird in Hand before you cast a no vote. I know where my vote stands. I am not saying it doesn't gets sweetened to 50cts but not holding my breath.
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