American Creek Resources Ltd V.AMK

Nugget Trap placer mine

[FredZarfloon]

So the property backstopping this deal is the "Nugget Trap Placer Mine" - "containing over six million ounces of in-ground gold resource.

Anyone seen any proof of this?

[Larry60]

fredzarfoon, there is NO proof of this.  They just refer to the Nugget Trap havin x million ounces of RESERVES and a value that has no bearing in reality!!!!!  Also, NO 43-101.  They also refer to AMK having reserves is some NRs (they dont, only resource).  This is one reason, amongst others, that many investors avoid the TSX venture all together aka when you move to the TSX

[Jetstream1281]

Google "BC Geological Survey Report 39381" and see what pops up.....

[Jetstream1281]

Of the 25 samples they assayed, all but 2 of them graded 2 g/t gold or higher.....many much higher.

[Larry60]

grab samples............slueced.................good luck with that............... Maybe you can go pan for some gold????? 

[Jetstream1281]

It's called hydraulic mining....and you can buy equipment that will put through at least 50 tph.....

[Jetstream1281]

That's actually an aged term....the modern term is hydraulicking.

[Jetstream1281]

But more than likely you'd just use an excavator and load a gravity concentrator just like you would at a mine....except this is all  basically surface deposit so no strip ratio.

[Jetstream1281]

Although these guys seem to have some pretty nice setups..... https://thegoldmachine.ca/

[Jetstream1281]

Unlike Larry I prefer documented facts to hypothetical conjecture and opinions....

[Stockmoves1]

Tokenomics: Those who purchase the Token, earn a right to buy Gold from production at production rate in future

[LonghandStrong]

I worry that if this 'deal" does turn out to be a stinker, that even fewer will ever take this play seriously.   If it doesn't go through and turns out to be pie in the sky, the management as well as the board members on the "special comittee" should get turfed.

[Jetstream1281]

100% agree with this!

[Jetstream1281]

Maybe the first time I've ever agreed with you....but yes....I hate the scammy schemes and honestly did not think that would be a thing here...and if this ends up not being legitimate i do think that the board should absolutely be turfed.

[Mustang80]

Honest question--What exactly would the scam be? Scamming the token buyers or scamming AMK shareholders? Pump up the price, insiders get out & shareholders are bag holders? I don't see this happening here or at least hasn't yet. Or do you mean sweetheart deal where insiders liquidate an asset worth much more for peanuts? Sure if deal doesn't go through price could fall but it

[Jetstream1281]

Yes. If this ends up being a pump and dump and us shareholders turn into bagholders then the board should absolutely resign.

[JPPelletier]

An interesting read on the securities rules/policies. www.bcsc.bc.ca/-/media/PWS/Resources/Securities_Law/Policies/Policy5/51201_NP.pdf

[Hawger1]

My thought is that pre-LOI  AMK had the potential to someday be in the $2-5 range . Now its a max of 43 cents. You like apples ?  Well how do like them apples?  

[garzillalives]

That's why I said the .43 is a RIPOFF!!

[Larry60]

You know what the biggest part of the "ripoff" of 43 cents is???  There is NO DEAL and the Cunninghams have NO MONEY to turn it inot a deal!!!!!  A token subscriptioj agrement is anything but money in the bank........just more words to extend a NONbinding EOI!!!!!! What is the AMK BOD thinkin?????  

[Larry60]

AMK does have potential.....they own 20% of TC!!! So why did the board enter into a NONbidning EOI with a private co related to a PINK SHEET listed company, Cunningham Natural Resources (HNRC) , with a $1.5 million market cap, no money and a delinquent filer???????  And they did this after saying it was the "best option" after spending alot of time and effort in a protracted

[Larry60]

everything points to a rumper frumper: - A NONbinding EOI - A party that is affiliated with, and run by same person, a PINK SHEET listed $1.5 million market cap company with no money and is a delinquent filer - the source of financing is NOW disclosed to be the issue of TOKENS backed by the gold of AMK........a company AMK does not own. -take a look at Cunninghams webste and X account If the

[Larry60]

mustang, this rumper frumper of a NONbinding EOI from a $1.5M market cap affiliated Pink Sheet listed delinquent filer has manged to DOUBLE the price of AMK!!!!!!! THe NONbidder has NO MONEY. Trading volumes for AMK have been high now for over 2 months..................... Take a look at the long history of CUnningham Natural Resouces (HNRC) The facts speak for themselves on who stood to gain

[Larry60]

Close to 40 million AMK shares have changed hands since the NONbinding EOI was announced!!!! Obviously lots of traders involved. But clearly a bunch of bag holders with expensive AMK shares picked up on the misguided hopes that Cunningham would pay 43 cents, in cash, this past Monday!!!  That did NOT happen and it will NOT happen in a month either imho what will the bagholders do when the