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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 Stockmoves1on Feb 20, 2021 10:16pm
236 Views
Post# 32620401

RE:To be Fair..............

RE:To be Fair..............why I ask is I would like to see a few of your picks and the timing couldn't be better because the market is pulling ... I have my eyes on a few plays and so many stocks that went from pennies to a dollar are breaking down.. the reason isnt because they are good or bad but because market makers see an opportunity.. when you look at a chart like SPA the climb last Jun/Jul in these plays often brought on by a Sprott PP and the pop in gold when Berkshire jumper in caused a lot of uephoria.. was it warranted?? thats the question... I feel stocks got ahead of them selves in many situations.. the argument is they were beaten up and underpriced.. that to is a fair argument also with all the ridinkulous short selling.. BUT the issue we have in these cases is the MM sees little to no support on these charts and they were flagging.. from a TA perspective a flag on a chart spells disaster down the road.... So as much as I am tempted to bite the bullet and get into a few large postions I am hesitant..... AMK I timed it well.. so different story but I feel other opportunities are arriving .. of course there is always the but side and speaking about thet but is when Buffet sold gold last week. Is it because even Warren makes bad trades based upon emotion or is Gold truly breaking down for a while again.. I am currently a Gold bull and I feel we see 2100 with the next crisis, but perhaps that isnt until next fall.. no one knows.. what I do know is based upon solid DD is that it's far safer to hold solid companies with proven resources over a lot of hype.. Far easier to sleep at night when the gold is in the ground and the fundamentals support the share price.... hope this helps explain my train of thought.. I am sitting on a high cash postion at present and look forward to some top picks...
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