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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 TheTwiton Oct 02, 2019 10:15am
203 Views
Post# 30186722

RE:RE:RE:RE:Partnership

RE:RE:RE:RE:PartnershipDilution I feel is more a function of survival rather than strategy. It's been a tough 15 years for these firms, and AMK has been around a lot longer than the others. PP and share offerings have IMO allowed .amk to fund operations consolidate properties, and continue exploration over the last 10 years when the availability of cash from debt was too expensive or not available. If you read through old FS avail sedar or other you can form your own opinion on if they controlled burn rate or simply issued more share stock. I feel it's the first. Gold Hill, Electrum, TC Bonanza and Dunwell, these are tough properties to consolidate, it took years and money..... no benefit of deep pockets (WS) $1500 bulls either. Not saying buy or sell, I hope both TUD, AMK and TUO and feel market caps provide a reasonable 60/20/20 if other properties not considered. Right now its TC driving SP. TUO IMO has always been a poor sport..... perhaps its karma that they are last to react to the news?
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