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 > Getting harder to buy shares

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Comment by BigValuehunteron Sep 27, 2024 1:05pm

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Post# 36244311

RE:RE:RE:RE:RE:Getting harder to buy shares

Mr Jetstream,

I think Cunningham will pay the nominal amount of $300,000 for a few reasons. 1) It is a tiny amount of money, 0.1% of the purchase price, 2) They agreed to pay it so if they dont AMK will have to sue them for it and I have to believe that Nugget Trap placer claims are worth at least $300,000, at least to Cunningham, 3) It will keep the price of AMK shares inflated.

In my view, this is Cunninghams last chance to move this back over 30 cents. Volume will be high. But as time passes and Cunningham does not have $207.2 million, it will eventually go back into the teens imo.

Thanks for sharing your thoughts.