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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 Jean33on Nov 01, 2021 2:37pm
145 Views
Post# 34074189

RE:Regarding Mackenzie's site visit to Keno Hill

RE:Regarding Mackenzie's site visit to Keno HillI agree with you. I am a long long time investor with Axu, Mmg, Byn and FR. I was invested with a small position in 2011 did not sell and got stock and price dwelled to low of .35 at that point having been following Axu closely digging every news I could lay  my hand on .Mr. Newman decided to mothball in order to,preserves the company and kept drilling. I decided that base on my finding one day Axu could become one heck of an investment. In 2013 met Jim Sinclair a legend in the gold world. He was an agreement with my thought regarding Axu. I invested heavily at the low of 2015 and been there ever since. Over the year no debt have been added. Shares numbers reasonably diluted. Reserves have been augmented 10 folds. Mine soon to be fully operable .now millions and millions of dollars have been invested in one location of drilling no one but no one does that into a dry pit____Axu has grading out of this world loll. Last year COVID came along and bankster brought silver price down again. 23 millions were needed to finish mine opening. We had the cash but also 20 ods millions were required to finish drilling. Hence the emission of shares. No way the CEO would have diluted Axu if he was not sure of having one heck of a finding. Why would he risk the financial health of Axu. Bear in mind he has skin into the game and he is in his 70 years . He could simply sell Axu and not risk anything. 25% of share are held by solid hands. Axu is the darling of the shorts in both countries state ans here. Axu follow the silver price. Once the finding are revealed if they live up to the amount of money spend into that area it could be a game changer. We will known soon. For me it has been years of waiting, soon will known how good was my analysis of Axu.
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