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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 MrVerbatim9800on Jul 20, 2024 1:28am
143 Views
Post# 36140977

RE:RE:RE:RE:RE:RE:RE:RE: I think we'd fare better with a reverse split

RE:RE:RE:RE:RE:RE:RE:RE: I think we'd fare better with a reverse split Your numbers are in the right area (a tad low) when averaged out. It cost him about $2.5 Mil back in the fall of 2019.

AMK vetted Cunningham Mining and their potential lenders before they accepted the LOI and then presented it to the public. AMK is confident in Cunninghams ability to fufill it's proposed obligations.

I suspect Sprott is on-board with accepting something in the --range-- of $0.43. He is in the business of investing/trading to make a profit (rinse and repeat).

Cunningham recently made their intent to purchase AMK public a few weeks after AMK accepted the LOI (think about that for a minute).

Of course the timing of everything on the table is interesting since soon to be released news and results look favorable for the TC project. The results could easily "bid-up" the proposed offer with Cunningham or, chum the water for a larger fish. AND, if anyone is expecting to see $2.00 on the table, sure, in the next 5-10 years! Take the offer that is being presented now. What we know for sure is that the lowest pay-out (IN CASH) for this proposal is going to be at least a double bagger at today's SP and negotiating the price higher is a very real possibility.

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