American Creek Resources Ltd V.AMK

Alternate Symbol(s): ACKRF

Metals & Mining Industrial Metals & Minerals

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.

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American Creek Resources Ltd > Credibility?

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Comment by Larry60on Jun 07, 2024 12:47pm

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Post# 36077897

RE:RE:RE:Credibility?

THe cost of a borrow for a stock you want to short has to do with demand for people looking to short it. It has nothing to do with credit rating. The person lending you the shares gets most of the fee. It is totally differnt than borrowing money. For a very liquid stock, cost is usually no more than 1 or 2%

MrVerbatim9800 wrote: Larry, you must have a poor credit rating. If I were to need a loan to buy, it would be 9% as of right now....

Larry60 wrote: tried to get a borrow on AMK. 120% lending fee rate. Not doable.

cskhurasu wrote: The AMK 'sale' is the sort of deal that destroys a project's credibility for years to come. Why is this happening? TUD is desperate to raise money? Because TUD is betting everything on some sort of 'supercell' VOK intercept like putting your last chips on a spin of the wheel?

This is not the opening bid from a real mining company able to develop TC.

If you have your family savings in AMK or TUD, please consider selling now. If this is your speculative play money, have fun. There's always another game when this one ends.