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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 pecuniamon Aug 06, 2020 1:47pm
95 Views
Post# 31374163

RE:RE:RE:mania dying down

RE:RE:RE:mania dying downasamatteroffact,
You should only use an 'investor' approach on blue chip stocks. Fundamental analysis does not apply to these junior miners. If you use your 'investor' approach and are not willing to take your profits out on a momentum upswing at some point you will eventually lose all your money. A stock like amk is more than likely to trade back under .05 cents within the next 3 years. Eventually, the bull market will fade and the mass market participants will move on to other stocks or markets. Most of these junior penny stocks start to fade and downtrend just because there are no more buyers and the sellers outway the trading and they trend down on lower and lower volumes. Actually, if you do this long enough you can pick tops and bottoms. But, it takes years and years of observing and trading with your own real money.
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