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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 mattbighamon Jun 14, 2021 12:51pm
257 Views
Post# 33382115

Conference call

Conference call
Listened to the AGM  conference call live.
There were no questions from the listeners.
I also talked to the company.They cite a lack of experienced underground miners as the source of their slower than expected rate of mining.
They raised funds to be careful and Clynt said they had a financial cushion now.
Expect full production in Q4.
Drilling at Bermingham ongoing.
Will release results in 'bunches' and expected sometime soon as they have been drilling going on three months now.
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