RE: RE: RE: RE: RE: RE: American Creek
All valid points. If you're going to be in this play, I agree that TUO is definitely the better choice. And if you just look at its interest in Red Chris, its 40% share of Treaty Creek, its much fewer shares and virtual absence of political or management risk, TUO is probably a legtimately undervalued stock on its own merits. I think the market is punishing TUO for being tied to AMK's hip in TC. If AMK's board was to replace its management team with a much more competent team with a good track record, both AMK and especially TUO take off like a rocket and don't look back.
Perhaps AMK's shareholders should call a special meeting of AMK shareholders to change or add to its Board so that the current Board is no longer in full control (much like what Rick Rule just did recently with geothermal company SRA - you can check it out here:
https://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7bE7FFE996-88A8-4EAD-B3B1-BFE817986E6F%7d&symb=SRA), but before doing so you would have to have the new management team lined up and all the good ones I know are already running their own shows full tilt. And with the huge portion shares controlled by AMK's insiders and their family members / friends, winning that vote would be tough.
I'm not an AMK shareholder right now but would purchase some board lots just to participate in such a vote. Anyone know of a great junior mining management team looking for an turnaround project that they could make a killing on?