Joker Poker My opinion is that American Creek has been running a bluff on Teuton knowing that their "hand" was no good. Oddly enough, they could probably have reached a settlement last year if they hadn't -- in my opinion -- stalled for time thinking that Teuton would just roll over and drop the suit. Unfortunately for them, Dino -- I believe -- is calling their bluff and soon they will have to turn over their cards; and I, for one, would not be surprised if both cards were jokers.
Forget the "offer" AMK made in their recent letter; the key is they now know they soon will have to back up their allegation that they have put the required sums into the project; but we know Dino has questioned the inclusion of at least some helicopter bills that seemingly had nothing to do with Treaty Creek. There's also the matter of "missing" drilling records, allegedly. Again, it's going to be up to the judge to decide.
Treaty Creek (and maybe even Teuton itself) has to be on the radar of Pretivm and/or Seabridge -- my supposition, of course -- but they can't do anything till the litigation is resolved and as a former court reporter, my "litigation nose" tells me this case will come to a conclusion sooner rather than later.
To my way of thinking -- and I think most of you would agree -- Teuton's stock has been way oversold by heavy, relentless dumping into an already declining juniors market, but now, my friends, I believe the pendulum is about to swing the other way because people are remembering how huge Treaty Creek may actually be and that property, combined with Tennyson and perhaps the High, the sky's the limit for our sp. Bids are reappearing; perhaps from some short-term players, but I have to believe that some investors looking for the rare company with five or ten bagger possibilities are also getting in for the long haul.
Sorry to repeat this mantra: In two years we'll have the the Northwest Transmission Line completed; Pretium will be mining the high grade VOK and the Treaty Creek property will be ours once again. That is the formula that, with a little bit of exploration luck at the High and positive developments at Tennyson, can push our share price into the "dollars." And if it sounds like hype, it is, a bit, but remember that Treaty Creek can be an extension of Seabridge's Iron Cap Zone (8 million+ ounces au) and High may be part of the Brucejack "bonanza" enjoyed by Pretium. And who knows what will turn up at Tennyson with our Hunter Dickinson partner. Things are really getting interesting.
I think the stock might start "popping" here; but if it doesn't, well, I'm going to treat it as a buying opportunity. I think others are thinking that way too; hence the recent firming of bids in our stock. Cheers!
Mark