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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 Sep 20, 2024 4:10pm
95 Views
Post# 36233864

RE:RE:Sometimes

RE: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.

Have to disagree my friend with part of your answer, in fact putting offers way above the market has no effect on the SP whatsoever.  Most look at the depth for 10 maybe 20 lines of offers so a $1 offer is way above that threshold and is rarely viewed. It certainly makes shorts scramble when suddenly over 300 million shares are offered at a buck :)

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