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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 > Getting harder to buy shares
View:
Post by NineLives on Sep 27, 2024 10:07am

Getting harder to buy shares

So the sale certainly won't last long. Time to move the bids into the 30's to capture bigger volume. AMK was in the bargain basement until they figured out just their 20% share of TC, approx 6 million oz's of Gold has a street value of over $15 Billion.
Comment by LonghandStrong on Sep 27, 2024 10:59am
If it was getting harder to buy shares the price would be going up.   When volume dips and price goes down, that indicates that it's getting harder to sell.   Glass half full type thinking has no bearing on day one of economics class aka supply and demand.
Comment by NineLives on Sep 27, 2024 11:10am
I'm surprised that as you're working for a company that's intent on shorting AMK you can't afford real time quotes. What kind of basement are you working in anyway ? Never mind, off to enjoy the sunshine. Have a wonderful week-end and please replace those sump pumps or you might catch pneumonia !
Comment by LonghandStrong on Sep 27, 2024 12:15pm
Liquidity requires both a buyer and seller to agree on price.  One doesn't begat the other.
Comment by Jetstream1281 on Sep 27, 2024 12:25pm
When we get news of that 300k changing hands you'll never see these prices again....
Comment by BigValuehunter on Sep 27, 2024 1:05pm
Mr Jetstream, I think Cunningham will pay the nominal amount of $300,000 for a few reasons.  1) It is a tiny amount of money, 0.1% of the purchase price, 2)  They agreed to pay it so if they dont AMK will have to sue them for it and I have to believe that Nugget Trap placer claims are worth at least $300,000, at least to Cunningham, 3)  It will keep the price of AMK shares inflated ...more  
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