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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 Alison11on Apr 01, 2019 2:08pm
186 Views
Post# 29564999

Market does not like the Pre Feasibility Study (PFS)

Market does not like the Pre Feasibility Study (PFS)It would seem that the market does not like the PFS.  The stock is in free fall since it's release.   I beleave that teir assumtions of future mineral values especially for silver may be somewhat optimistic.  Their average costs/ounce are very reasonable.  If they are going to meet their committments to Wheaton (without renogotiating the terms), and be in production in the last quarter, they are going to have to make their go/no go decision in the next three months (with a five to six month start up window).  
Good Luck to All
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