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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 NineLiveson Jun 13, 2024 5:06pm
85 Views
Post# 36088044

RE:Why the Panic Posting?

RE:Why the Panic Posting?

Interesting thoughts rockport1 not sure those scenarios fit the scene though apart from a possible Tudor short. All three stocks have very few shorts in them (officially) yes they could be naked.

Shorting AMK at 11 or 12 cents would be futile with the percentage of property they are holding. That's its bottom.

Same for TUO as it's so thinly traded and only 59 million shares outstanding, to buy back a large naked short would send it over $2. And it would take ages to put that short together.

My own personal belief is there is a suitor in the wings trying to hold the share prices down for a stink bid. When investors get frustrated they always sell to quickly.  The Amk non-binding deal put a dent in the possible buy out of Treaty creek and so the bashers turned up the heat. Not surprising. 

We've all seen it happen, stock worth more trades low for a year, a company comes in with a double the price bid (or less) and we all groan and accept it, because we have no choice as majority just want to bail.

Happened to Highgild just recently and before that  the big shake and fake was Marathon Gold. Been quite a few this year. Brixton metals is another that could be on the chopping block, great properties but over dilution.

 The moral of this story is, management should never over dilute, keep gen admin to a bare minimum and pay inline wages. Options should always be priced double the 30 day avg and insiders can only sell xxx of shares per year. Some prudent changes.

To put this all in perspective, let's say this property TC has 20 million ozs of gold and let's say the AICS was $1,300 leaving $1,000 profit an ounce before capex. Let's not worry about construction costs at this stage just what the gold is worth. Before any capex that would be a $20 billion ore body. Let's also say a buyout of $1 billion for all three. Who could raise that cash. All Sea Bridge has to do is sell 50 million shares at $20 and voila, $1 billion, done.

Yes I simplified the process but let's not get to complicated at this stage. Just a scenario.

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