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Bullboard - Stock Discussion Forum 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... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > My theory, and just my opinion.
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Post by Whatamidoing1 on Jun 29, 2024 3:16am

My theory, and just my opinion.

Someone knew they could lock up a deal on the cheap right now. Also KK is hunting high grade this year. So the time frame to negotiate an agreement gives them the time to see a couple drill results and chose what to do after that. If results are awesome deals locked up,  What is awesome though? 3, 5, 10, 100, 1000, 10,000, 100,000 gpt. I have know idea what results they are hoping to see.

IMHO
Comment by fairdinkem on Jun 29, 2024 11:26am
The suggested "deal", if you would or could call it that, to me ranks with opportunistical price leverage HIGHLY and only favoring to advantage of the, other guys, not for AMK.  Pay attention and notice that they did not give TUO an offer, (?) laugh out loud.  AMK has so much to gain and so much to lose with such a rotten deal offer here.  Unlikely that they would offer ...more  
Comment by NineLives on Jun 29, 2024 3:00pm
Correct me I'm wrong but the Newmont buyout of GT gold was $3.25 a share not the $8.50 you posted ! Newmont paid $393 million for the 85% they didn't already own indicating GT Gold had 120 million shares outstanding free float. AMK has 440 million shares outstanding so 43 cents for a deposit without a PEA in a depressed market appears to be fairish value. Obviously 50 cents would be ...more  
Comment by Stockmoves1 on Jun 29, 2024 7:22pm
It's a good theory .. We got 30$ on the oz. and when high grade steps it up combined with a PEA and we are likely closer to the $80 range and 90cts ... Currently trading For a Huge discount even at .17 .. Try .90
Comment by Stockmoves1 on Jun 29, 2024 7:25pm
.43 I will take but 50cts sounds better lol ..  A little Sweetener for the Shareholders that waited so Long !!
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