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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.


NYSE:AXR - Post by User

Bullboard Posts
Comment by Alexspushkinon Jul 26, 2008 11:29pm
347 Views
Post# 15333025

RE: Keno Hill still promises silver payday

RE: Keno Hill still promises silver payday<< Possibly NOVA could provide some funding; they're looking to raise money before the end of the year. >>

I would be surprised if NovaGold will provide any funding. They are trying to avoid further share dilution themselves. NG will get some cash from warrants if the SP is above C$7.00 on Oct 1.  But they will need that for existing commitments and Rock Creek will need a bit more time before it is Cash flow positive.

If you are referring to NG's plans to divest some of their assets (NovaGreenPower & Ambler) that's not going to happen very fast. At best they will announce plans by year end. These things don't seem to occur very quickly.

What I've been wondering about is if NG might make a friendly offer & merge with Alexco. NG wants to acquire near term production projects. Is 2010 near term enough ??

As for SLW,  that certainly could be an option. Maybe even a private equity placement ? (Like what they did with Sabina (SBB.V) a while back.

-Alex
Bullboard Posts