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Bullboard - Stock Discussion Forum 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... see more

TSXV:AMK - Post Discussion

American Creek Resources Ltd > What if Newmont or another majour makes an offer.
View:
Post by garzillalives on Sep 10, 2024 4:03pm

What if Newmont or another majour makes an offer.

I know this has been discussed but it wasn't entirely clear to me. If a company like Newmont put in a better offer, could they bump Cummingham if Cummingham didn't match or exceed that offer?
Comment by Larry60 on Sep 10, 2024 4:06pm
YES.  100%. But dont worry, not gonna happen............the Newmont bid..........or Cunninghsam comin up with $210 million in 2 months.......................... but hey, a great trading opp for those not left holdin the bag!!!!!!!!!!!!!!!!!!!!
Comment by Jetstream1281 on Sep 10, 2024 4:28pm
Yes they could....Cunningham has the right to match, but that is conceivable.. Here is another thought... with the PEA comes a production notice to develop the supercells and get this thing rolling....the upgraded token facikity is to fund their portion of the cost
Comment by NineLives on Sep 10, 2024 4:46pm
That was also in the back of my mind. With this higher facility all bases are covered for now and the future. A crypto base is exactly what some of these juniors need to get them into production mode. Old school meets tech and creates a monster bash ! Newmont, Seabridge, Cunningham and ?? certainly a dynamic play, last chapter has not yet been written.
Comment by Larry60 on Sep 10, 2024 4:50pm
guess how much Cunninghaam can draw down on the "facility" today?  About $0.00.  Nothing will change in the next 2 months to allow them to draw down $210 million......imho
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