American Creek Resources Ltd V.AMK

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:At this rate

[roberto146]

MrVerbatim9800 wrote:
"Wrong Cunninham company. Again...... Our Cunningham is a private company with private financials"
 
Yes, Cunningham Mining Ltd's financials are private; no filings available. Cunningham Mining Ltd (the bidder for AMK) is a subsidiary of Cunningham Natural Resources Corp. aka Houston Natural Resources Corp, HNRC.
Houston Natural Resources Corp applied to be renamed Cunningham Natural Resources Corp Aug 9th, 2024.
Larry60 wrote that Cunningham's Cash position was $1905.
Actually Houston Natural Resources Corp (aka Cunningham Natural Resources Corp) shows $1,000 Cash, with $1.955 Million dollars in receivables. Maybe Larry60 understood their position to be Cunningham Mining's position (he did say 'consolidated') and misinterpreted the $1.955MM for $1,900. (The numbers I show just above are in the Houston Natural Resources Corp financials for 6/30/24). HNRC is listed on the OTC market. HNRC shows 355MM shares issued, 2023 Total Revenue $21.1 Million, Gross Profit of $11.7 Million; the share price is about a penny. (.0107).

HNRC can be looked up on Yahoo Finance, but Yahoo's numbers are totally crazy.
HNRC Yahoo

HNRC on OTC:
HNRC OTC

As I noted in an earlier post, the structure and history of these companies can be quite confusing. I guess the main takeaway is that Cunningham Mining is issuing a cryptocurrency to finance its takeover of AMK. The initial issue is to be 100MM tokens at 60 cents each. The token is collateralized by the placer mine property they bought last year. The token NGT or NGTGOLD (does not show on crypto exchanges yet) proposes circulating supply of 1 Billion tokens, with total Treasury tokens of 4 Billion.
Nuggettrap Token