American Creek Resources Ltd ACKRF

another basher lie

[GoldDigger60]

He said he was leaving, Just another lie from our village idiot.
Add it to all the others he has said for the past few months.

[Larry60]

per circular "Readers should also note that CML has stated that it has secured US$153 million in August of 2024 from GEM Digital Limited (“GEM”) for the acquisition of AMK." But no AMK and the group giving fairness opinion did NOT see the actual agreements???????????????????? WOW!!!!!!!!!!!!!!!!!!!!!

[roberto146]

"Readers should also note that CML has stated that it has secured US$153 million in August of 2024 from GEM Digital Limited (“GEM”) for the acquisition of AMK." Shouldn't that read 'US$336 million' as per Sep 4th NR? US$153 million doesn't quite do it ...

[Larry60]

DOESNT MATTER.  Its a token subscription agreement.  How much you can draw at any time is set by trading liquidity of the token.....................thats how GEM makes their money...........they buy direct at a discount and then sell in market at a profit..........just like their equity lines of creidt products they also have.................. Cunninghsam CAN NOT draw down $210 million

[Jetstream1281]

Not necessarily....It's available to them but they may not have been given it yet....but full disclosure, you may be correct....I have no idea how this works.....all I know is without a superior bid, the 153 million along with the 60 million they raised themselves should basically be enough to complete the deal.

[Nikolazen]

153m USD should work to pay 209m CAD imo

[roberto146]

Niko: "153m USD should work to pay 209m CAD imo" USD$60MM is earmarked for Nuggettrap placer property, as originally was and still is being presented. XT NGTG promo

[roberto146]

Well, the original image got changed at the link. Or something. Here's the original:

[Jetstream1281]

The 60 million is being BACKED by the nugget trap placer claim....not necessarily spent on it...they already own it.

[Larry60]

JS, the whitepaper and nugget trap website had a breakdown of use of the $60 million in funds.  It was going to do work on nugget trap and funding for cunninghsam "operations".................but the story keeps changing..... as others mentioned, they initially specified that they would obtain a listing once they sold $60 million in tokens................but they never raised it

[roberto146]

Jetstream: "The 60 million is being BACKED by the nugget trap placer claim....not necessarily spent on it...they already own it." Yes, that's correct. And the $60MM was for equipment, development, management expense, marketing, etc. of the Nuggettrap claim. The acquired claim itself is 574 acres of raw property and its potential. It's implied but not stated that the property

[roberto146]

Pretty weird all the strikeouts on my post of 11:30:28AM. Sorry about that ... didn't ask for it.

[Jetstream1281]

Regardless of the strikeouts you have it correct....that 60 million is backed and is to be used for nugget trap....the 153 million from GEM is in USD and equates to the buyout price of $209 million CAD for AMK...the table is set...all we need now is shareholder approval...

[Larry60]

Jetstream, the problem is that the GEM token subciption facility does NOT allow for any meaningful drawdown................sure, if NGTG traded like BTC, you could draw down the $153 million..............but at current trend, and based on history and reality, you could maybe draw down $5,000 today on the GEM facility.....maybe..................So unless you want to wait to the next century for

[roberto146]

Jetstream: "the 153 million along with the 60 million they raised themselves" The way it works (the 'token subscription agreement') is that draws are available based on token sales by GEM. All the GEM deals that I've followed work this way - it's easy to do a search for them - there are dozens. Just search for Gem Digital. Also, one detail: As far as we know, the $US60MM

[Jetstream1281]

I also thought that they weren't listing the token publicly until they did raise the 60 million....maybe I'm wrong there though.....

[cskhurasu]

Thanks Roberto. You are the only one on here who seems to know how this is supposed to work. And Larry is the only one who simply reports the facts as they are. Posters may not like it but he does not make stuff up.