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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation, through its subsidiaries, is a holder of land, developer of real estate and homebuilder in New Mexico. 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. Activities conducted or arranged by the Company include land and site planning, obtaining governmental and environmental approvals (entitlements), installing utilities and storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. 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 focuses on selling single-family detached and attached homes.


NYSE:AXR - Post by User

Post by mattbighamon Jun 28, 2021 8:56pm
292 Views
Post# 33464257

silverchartist.com features AXU

silverchartist.com features AXUJeff Clark did the write up.
In depth details on the Covid situation and Yukon restrictions that disallowed workers from outside the Yukon and kept AXU at 25% manpower.
AXU finally negotiated a concession from the govt and new workers could do their 14 day quarantines on site.
Severe govt restrictions on a remote site coupled with the need to attract qualified/specialised workers set the company back. They have to train locals with  qualified/specialised workers that were hard to attract in the strict Covid conditions - nor the isolation.
The dilution was 5.3% on the financing. Mgmt. insists it was being cautious to ensure/achieve full production in Q4,given their Covid /operational setbacks.
Only a handful of companies globally with AXU's leverage to silver.
Talks Bermingham Deep,the drilling,the upside,the potential surprises,what it means for the future,AXU's resource,production and mine life.
Patrick Karim then performed a P&F chart: Breakout point and the initial "vacuum price".

The silver chartist is good value -especially for the $10/mo. subscription price.

https://www.silverchartist.com



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