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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 rockport1on Jun 13, 2024 3:09pm
130 Views
Post# 36087739

Why the Panic Posting?

Why the Panic Posting?My original thought was that the panic poster was short Tudor based on the pre-Cunningham buyout offer behaviour, where most of the posts seemed targetted at undermining Tudor.  However, since the Cunningham offer, it has truly become incessant panic posting. Why?

If the poster was short Tudor, they could simply cover the short, and probably still make money based on Tudor's current low share price. There would be no need to go crazy posting, since they could walk away with a profit and have no risk going forward.

So if they are not short Tudor, then what's going on?  Perhaps, the poster got caught short AMK.  If that is the case, then they are probably already in the red. Any further rise in the AMK share price could possibly force them to cover and turn paper losses into real cash losses.  

I have not used a margin account in decades, but if I remember correctly, if AMK was shorted at 12 cents, then at the current share price, the margin call would be double the initial investment. If AMK were to extend the rise up to 43 cents (or beyond with a competing offer), the short would truly be in a world of hurt.

This scenario would certainly explain why all the panic posting, clearly targetting the credibility of any offer. This is what I think is the most likely scenario, given all the energy being put into denigrating the project, despite claims of no AMK ownership.

Another possibility is also a "long con" where the poster is short Teuton.  They could pretend to support TUO, but at some later date claim that the they changed their mind and the project is no good. Similar to the AMK case, they could be in the red on a Teuton short given its share price. It could also explain why the panic posting and fear that Teuton will rise further.  It feels like someone can't sleep at night.

Anyway, food for thought folks. Just throwing out some speculative musings...

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