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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 Sep 20, 2024 3:27pm
87 Views
Post# 36233757

RE:Sometimes

RE:SometimesNL. Not to be contrarian, but I have seen this concept being suggested before. The problem is that the higher the total ask size is, the more pressure it puts on the SP. It weighs it down, slows upward momentum and also alters perception. This is why you will see these ridiculously high ask lots at prices that are far out of reach. This tactic is a powerful tool used by registered and passive shorts.

Also, you are correct that locking your shares in is one way to keep them out of the hands of registered shorts, rather, preventing your broker from being able to lend the shares out. But, unless multiple millions of shares are locked in, it is usually a fruitless effort and then comes back full curcle to the first problem I mentioned earlier.....
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