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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 roberto146on Mar 23, 2022 1:58pm
154 Views
Post# 34538490

RE:RE:RE:Miss as usual

RE:RE:RE:Miss as usualWell they are projecting design throughput in '3Q 22', so there's that. We were hoping for Mar '22, but it's now only another few months away.
I was rummaging through some old files the other day and found some annual reports for the 'new' UKHM mines. The 1995 report projected production start in 4Q1996. I spoke to Mr Powell on the phone and he said the equipment was on order and due to be delivered soon. The 1995 annual report cited prefeasibility study completed, projected cash cost of $187/ton, 4.44/oz silver, 368 tpd throughput, staff 160, rehab of bunkhouses complete, water permits expected 3Q 1996, negotiations with the tribes and labour unions underway. The neverending story.


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