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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 FastTradeon Oct 18, 2024 12:43pm
70 Views
Post# 36271896

RE:RE:Here's how its not a done deal with Cunningham or Eric S.

RE:RE:Here's how its not a done deal with Cunningham or Eric S.
Sign - I moved into a good TUD holding with those AMK trades.
I know AMK  has value. I thought from the start of the possibility that there was an  insider from Cunningham and an insider from AMK working together to unload several million AMK shares for a few million dollars each with all those prominent back door ways out of it penciled into the agreement.
It just looked bad to me and i said so back in June the day this all transpired.
Again - I know AMK holds value, but i feel at 0.27 cents it is a gamble if indeed this whole affair has run out of steam as i read into between the lines with yesterday's Cunningham NR.
My AMK average is 0.16 and i can't get my head around averaging up - when  - and not so much if - this falls apart and AMK drifts back to where this all started.
There's enough time for this to happen before TUD gets wheeled to the launch pad and the countdown begins.bringing AMK shares worth well up over 0.43 cents then.

I'd rather wait and take the chance AMK dips back into the teens and then set up for the TUD run of a lifetime in a year or two.

Who's not to say the insiders haven't planned it this way knowing AMK will be worth well north of 0.43 riding TUDs coattails while using the token deal merely to grease their own palms in the interim.
Near 40 million AMK shares have traded hands since June 6. If a couple insiders were in on 10 million of those trades and sold they could have done very well for themselves already.
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