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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

Post by Alison11on Apr 01, 2019 2:08pm
183 Views
Post# 29564999

Market does not like the Pre Feasibility Study (PFS)

Market does not like the Pre Feasibility Study (PFS)It would seem that the market does not like the PFS.  The stock is in free fall since it's release.   I beleave that teir assumtions of future mineral values especially for silver may be somewhat optimistic.  Their average costs/ounce are very reasonable.  If they are going to meet their committments to Wheaton (without renogotiating the terms), and be in production in the last quarter, they are going to have to make their go/no go decision in the next three months (with a five to six month start up window).  
Good Luck to All
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