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 > At this rate

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Comment by Larry60on Sep 10, 2024 10:17pm

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Post# 36217868

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

Roberto,

Cunningham Natural Resoruces cash position is $1,909, i i did not confuse it. As for the receivable, I guarantee it does not turn into cash by next quarter............Cash generated in the quarter was a whoppin -$102. Yes , $102. Leavin HNRC with UNDER $2,000

But $210,000,000? Dont worry about it..................................

roberto146 wrote: 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