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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 HIGHonLITHIUMon Jul 22, 2020 10:23pm
207 Views
Post# 31305574

Another factor for consideration

Another factor for considerationLots of talk on this board about shorters impacting AMK price right now. A reasonable conclusion in my opinion. Another probable factor (that nobody has pointed out) assisting the shorters in thier present sheep fleecing scheme is the likely scenerio that AMK has a wave of warrant holders scrambling to raise cash for exercise. Probable selling by some of those warrant holders of core AMK positions to raise needed funds. Chicken Little rush to raise funds has the effect of driving the price down as sell orders undercut sell orders in a race to the bottom. Lovely scenerio if you are a wolf in waiting. In my opinion some of these sheep just left a bunch of thier precious wool in a big fluffy pile. And they don't even realize that they were fleeced. Bah bah bah ZZZzzzzzzzz
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