American Creek Resources Ltd V.AMK

Measured category

[Varingianest777]

Had a chat with Kelvin. The maiden resource is going to use the measure down to 700 m by 1250 m long and probably 700 m wide. below that (almost double) would be indicated. We'll see what Walter Storm goes with pretty soon. Have a sane day.

[paydirtontario]

What are your thoughts varingianest on AMK being sold after the Maiden Estimate in 2021 ? sounds like Tudors going back up there for the earliest possible time for starting up this years drill program.  

[CharlieWaffles]

For a takeover to occur 2/3 + 1 share is needed to pass. If we were the first to get an offer it would have to be quite attractive because who really wants to be the first to sell and besides, what about next year's drill program, god knows what this will do. My intention has always been to never sell, just sit tight knowing that this play was a takeover play

[Hawger1]

Reason for the spinout?

[CharlieWaffles]

What do you mean Hanger1?

[Hawger1]

AMK's 20% TC may be a buyout play potentioally.

[fairdinkem]

OH!  Which way do they sell?  Does AMK sell to TUO or TUD, or does TUO sell to AMK or does Tud buy all of TUO and AMK. Then there are the Market buyers out there other mining companies,  There is one point in the Joint venture and that is the continuation of HARMONY in any event TRIGGERED by any party involved in the "three amigos JV aggrement"  remember it is really

[paydirtontario]

Thank guys , Checkout out today's post from stockzorg over on the Teuton board for his take on the numbers being hashed around...  

[Stockmoves1]

Reality is they may be sold in part or as a group.... but cleaning AMk up  to hold a pure 20% of Tudor is a start.. I can see one of the 3 getting a bid and the others as a result would start runing up, so perhaps that is an argumenet for holding all 3vs a single entity.... but in the end whether you hold one or all 3 we will get a benefit over todays prices when the bids start pouring in

[flashcash]

On release value on other projects.

[fairdinkem]

It was mentioned that they would be back up at TREATY to continue the 2020 drilling program after all of the Drillers had a good long Break and to be with their Families for these holidays.  Just from my re-call they were expecting top break over 50,000 meters of drilling of the 2020 drill program.  That said I am not sure if it was to be drilling at the Goldstorm or for exploration

[johny52]

Varingianest777   Thank you for the imformative information it is a breath of fresh air on this board.  Here is hoping that those who have ulterior motives soon go away and no longer post to drag down the content of this forum.  Based off of the numbers Kelvin has provided and we have previously discussed on this board here are my revised rough calculations. Measured Tonnage

[CharlieWaffles]

Ok, if we're talking Stinger this is what I have. These numbers can be found in the quarterly report but I will clarify the cash position. My understanding is 3M but with the expectation of warrants to be converted total cash could be closer to 8M but I would use extreme caution in the event this number doesn't materialize. So if you want to cut cash to 3M then you get a

[Stockmoves1]

charlie thanks for your posts they are helpful and your decidion to look at this as a buyout play is on the money.. you can tell the way this is trading you are not alone....