American Creek Resources Ltd V.AMK

Latest short position

[NineLives]

Has now jumped to 1.8 million shares. Whatever happens it would be great just to see this bunch get squeezed out. No wonder the negative posts have increased, let's get AMK above 40 cents.

Next week should be interesting.

[SilverSam]

AMK is not going to .40 cents unless there is an announced date for the closing of the deal.  The shorts are taking a calculated risk, a risk perhaps less risky than for those of us who are currently long.

[GoldDigger60]

read the circular.  Your a week or two early for posting this.

[NineLives]

SilverSam, this won't be the first buyout target I've seen trade at a discount to the buyout price right up until the last minute. Granted this one is a little more complicated but to short this when a squeeze could so easily happen is basically gambling. Where as longs are still supported by the property itself. Just took a look at Seabridge, close to breaking down below $19 if it does

[Jetstream1281]

If TUD buys anything out it'll be TUO....but that's more than likely not happening....They need to worry about PEAs and drilling off their high grade before doing anything else....

[Jetstream1281]

Having said that, if they want to put in a superior offer for AMK gor a share swap....at the current price ratio I'd go for it lol!!!

[Jetstream1281]

4 TUD shares for every AMK share would make me a LOT of money!!!

[SilverSam]

SEA still has a market cap of 1.75 B, even after losing a third of its value since late October.  It would take some fairly deep pockets to buy them out at a premium, and would likely start a bidding war for such a valuable asset.

[Jetstream1281]

TUD buying out SEA is completely unrealistic and non sensical....they can't afford it and don't need it.  Buying out the other TC partners makes much more sense but even that is highly unlikely....as nice as the idea is...

[NineLives]

Seems like quite a few people have lost their sense of humour on this board. Come on lighten up !!

[CobraShelby]

Agreed . That was a good one NineLives  GLTA

[CobraShelby]

Actually , they  miss it  in 2012 . He was hoping to get the land for peanuts while AMK and TUO start the battling in court . A good offer for TC at the time could have been beneficial for them, but it never happens How long he did say 6 to 9 months and he will have a deal , if i recall if about 4 years now? GLTA

[NineLives]

Good points Cobra !! Keep forgetting about that phase between AMK and TUO. Yes that would have been the perfect time to jump on the property. Reflections of lost moments when everything could have changed.

[CobraShelby]

To add on to this I am not sure if all the details or only a part of it was release to AMK at the time on this survey . They probably knew what was involed in TC since a Survey was autorize on the TC . TC geophisical survey

[CobraShelby]

The partial result of the Survey . Survey result Jan 9, 2012                                                        

[NineLives]

Interesting thank you. Some Golden oldies there !!

[cskhurasu]

Perhaps SEA did not jump on the TC property after their geophysical survey of TC because they did not see the kind of potential they already had proved up at KSM?

[GoldDigger60]

Or they are kicking themselves in the butt on a coulda shoulda moment.

[McGolden]

Give your head a shake I think it's stuck on stupid