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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

Comment by Alison11on Feb 25, 2019 11:52am
174 Views
Post# 29409255

RE:RE:NEWS REPORT

RE:RE:NEWS REPORTThere are three major factors that will determin if they go back into production (as per their own presentations).  The first is the price of silver, second is the value of the Cdn/Us $ and the third is smelter prices.  (See previous posts).   A very NB factor is their Reclamation division, (see Whitehorse Star News article - previous post).  The reclamation division allows for the company to have a steady stream of income while Not in production, reducing the need, if any, for further dilution.  If their prefeasability study is positive and the other necessary factors line up to proceed into production, it will be a very nice day for share holder.  The next few months will be very interesting.  Good luck to all.
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