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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 HardWaySixon Jun 28, 2022 11:53am
197 Views
Post# 34787742

RE:bottom line

RE:bottom lineJust curious as to the context. Right now in my opinion Axu has other major issues.  Cartage is just cartage.  

The population of Haines has expressed concerns about the traffic of large tractor flatbeds with the metal containers on board travelling down the highway and into town.
 
Skagway was the port used by Cyprus Anvil (Dome) for the massive defunct Faro Mine.  They have facilities.  Clynt is on the steering committee and it was used previously.
 
Port Steering Committee 
Tom Cochran - Mayor Municipality of Skagway 
Tim Bourcy - Skagway Community (Chairman) 
Michael Brandt - White Pass & Yukon Route Railroad 
John Wood - Alaska Miners Association 
Paul Axelson - Southeast Stevedoring 
James R. Hemsath P.E., PMP - Alaska Industrial Development and Export Authority 
Yukon Economic Development 
Clynton R. Nauman - Alexco Resources
 
Axu concentrate goes to a smelter in BC (historic), the original offload was by Glencore.
 
May be of historic interest 2012 mentions Alexco:
 
1968-69 – WP&YR builds new railroad depot next to old one. Plans announced for Cyprus Anvil mine near Faro, Yukon, leading White Pass to upgrade its track and equipment for a huge lead-zinc haul. Company officials convince city council to grant 55-year tidelands lease for a new ore terminal and dock. White Pass roundhouse burns again in 1969.
 
1982 – Faro mines shut down in spring, and railroad loses 70 percent of its freight revenue. This doesn’t stop the return of White Pass Steam Engine No. 73 and The Skagway News returns as semi-monthly that summer. Optimism fades in fall as White Pass suspends rail operations on Oct. 8, sending Skagway into a deep depression. Unions picket and stop White Pass in Haines when company tries to truck freight to Yukon on Haines Highway.
 
1986-87 – Curragh, Inc. buys Anvil mine and announces it wants to truck concentrate to Skagway. Mayor Bill Feero breaks a tied city council in February 1986 and city requests state to open highway year-round. Gov. Bill Sheffield and Yukon government Leader Tony Penikett sign historic agreement in April. Trucks operated by Lynden roll in June. White Pass brings back container ship and gets into trucking too. 
 
2007-2012 -The railroad has a record year in 2007, welcomes back Engine 69, and returns to the Yukon with scheduled service to Carcross. Visitor numbers peak at nearly 1.278 million. Rasmuson Foundation acquires the Rapuzzi Collection for local museums. A decade-long battle by Skagway to become a borough wins approval by the state’s Local Boundary Commission after an emotional hearing here, and voters ratify it on June 5, 2008. The Municipality of Skagway is the state’s first, first-class borough. AIDEAstarts work on a smaller ore terminal in 2007 after reaching an agreement with Sherwood Copper (now Capstone), owner of a mine near Minto, Yukon. Ore trucks roll down the highway that fall, and ships come in monthly to carry away the ore. Other mines look at Skagway, and the community forms a port commission which promotes the “Skagway Advantage” for shipping minerals and even pipe for a future gas pipeline. Kasidaya hydro project opens 3 miles down Taiya Inlet. Former childhood resident Sarah Palin first becomes governor in 2006, then vice presidential candidate in 2008,  but ultimately resigns in 2009 amid fame, secures book and TV deals. Skagway benefits from a statewide cruise tax in 2007 to the tune of about $4 million a year for various projects. Guinness Book of World Records certifies Skagway for “most eggs tossed” on July 4, 2008, and Broadway is named one of 10 Great Streets in the Great American Places program in 2009. Our girls’ basketball team goes undefeated and wins the 2010 state 2A title, and then repeats in 2011! The new E.A. and Jenny Rasmuson Health Center, funded by several grants and matched with a local bond issue, is completed in 2010, and the new census records a population of 920. Bellekeno mine begins shipping silver from Keno, Yukon to Skagway. Others court the port.
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