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

AMREP Corp

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Post by Russie21on Sep 08, 2010 6:31pm

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Post# 17426797

THIS IS NOT ROCKET SCIENCE!

This is actually a quote from the Alexco presentation from August 25!

SLIDE 5:

WHAT ARE ALEXCO SHORT TERM OBJECTIVES 2010?
THIS IS NOT ROCKET SCIENCE!

• It’s all about Execution
- Complete construction and commissioning, satisfy SLW Completion Test Q4 2010
- Expand our Resource/Reserve at Bellekeno and elsewhere
- Generate cash
- Find a new major deposit

• Pieces in place, projects/overall progressing well
- Five drill rigs currently on-site
- It’s going to be the 4th quarter before we can say we succeeded
- Bellekeno commissioning and production on schedule

GLTA

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