American Creek Resources Ltd V.AMK

My wild conspiracy theory....

[Jetstream1281]

...Is that SEA MTT permit talks aren't going well....they have been sniffing around possibly trying to low ball us and so the company put this in place to protect us (and them)


Do I believe this is actually what is happening....not really....just throwing it out there....

[garzillalives]

Would/could this actually stop SEA from staging a hostile takeover? I'll be pissed if I get bought out at .43. I'm hoping more for $2-3 in latter 2025.

[Whatamidoing1]

They won't get TUD unless they have Walter's estate or Eric's backing will they. But since their tunnel probably gonna need a reroute who knows what their up to.

[Jetstream1281]

Personally I think that is pretty optimistic....without a PFS and all the associated permitting in place I don't see us getting over $1/Oz.....which for AMK would be $1.25....without even a PEA I think a realistic top end price would be around 0.70.....where we currently are the realistic spread is 0.40 at the low end (where Cunningham is) and that .70 at the top end which is roughly $50- $60

[Larry60]

$1 an oz?  For Reserves?  Resource?  In any event that adds up to nuthin ie around $20 to $30 millioin.  Do you mean $100 an oz???

[garzillalives]

That's why I'm willing to wait another 1.5 years.

[Jetstream1281]

Been here since 2019....made a 5 bagger once already and hoping for another....I can wait....

[Stockmoves1]

I hear you Jetstream / my traders are down to a 8.3 and my TFSA longs are freebies. :) makes the pain all worthwhile ..

[garzillalives]

I don't understand why people are happy with a 3-4 bagger when we can have a 10-20 bagger especially when gold goes to $3,000/oz or more by this time next year. With our preasent resourse and $160/oz in the ground, we are looking a about $2.30/share. Maybe my math is off but with a good PEA we should get us a 10-20 bagger. Am I wrong to think this? BTW, I blocked Larry so I won't see any

[Jetstream1281]

If you research past acquisitions you'll find that that the following ranges are typical... Maiden resource....$30-$60/oz PEA......$60-$100/oz PFS.....$100-$180/oz Producing mine....$180+ Having said that, it seems acquisition prices are on the rise ..... That link I sent yesterday ( the third post with the correct link shows proven and probable reserves/producing mines yielded about

[Jetstream1281]

Having said that, the numbers are based off of 2023 POG and Goldstorm only.... There should be a premium built in for the three other targets which are likely equally as big....

[garzillalives]

Thanks

[Larry60]

A 10 to 20 bagger on AMK?????  Thatd be nice!!!!!!! But all we have is a Non-bidning non-bid from Cunninghammy for $.43 that the market, and all amigos, are ignoring!!!!!!!!!!!!!!!!! Im happy to take $6 on TUO, keep the NSR, and retire

[Larry60]

Jestream, I cashed out a one bagger on AMK Friday morning.  It was sweet!  Not so sweet for whoever bought my shares in the 20s though! What Ive rolled into TUO should serve me very well!    

[Larry60]

great news.  your not gonna be pissed.  cuz no one is buyin ya out for 43 cents anytime soon. imho Go celebrate!

[Larry60]

NO.  Does nothing to prevent SEA from making a hostile bid.  But highly doubt SEA would ever do that.  They would get Eric onside first and try for a friendly deal.  No eric, no deal

[Larry60]

AMK thought that by entering a NON deal, it would protect TC?????  Thats absurd.  How does it protect AMK??????  Its a NON deal.  someone can bid for it if they wanted to. nuthin preventin that Poor JS, he going nuts over not having sold all his AMK in the 20s Friday morning and moving it over to TUO!!!! And I dont blame him!!!!  TOugh miss.  Greed got in the way