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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

Bullboard Posts
Comment by gofermanon Aug 13, 2016 4:03pm
142 Views
Post# 25139209

RE:RE:RE:RE:RE:RE:RE:RE:RE:Alexco's neighbor

RE:RE:RE:RE:RE:RE:RE:RE:RE:Alexco's neighborThanks for the free dd roberto
I can't answer all of your questions but will comment on a few ...
The 2012 interview starts with the origin of the co's name which is still relevant.
Eadie's been replaced with an interim CEO, as stated on the co website.
Eadie said the Keno-Lightning property is located "right next to the Bellekeno Mine ..."
It's owned by Alexco. The properties have similar geology and lots of silver.
In addition, the co's website states:
"The Company's Keno-Lightning projects consists of 329 claims in the storied Keno Hill district, adjacent to Alexco Resource Corp.'s Bellekeno mine"
As for mill capacity, who knows what might happen in the future?
Some have already speculated Alexco may use the shelf prospectus to buy-out SLW.
In that case, Alexco may choose to improve efficiencies w/o incurring major capital expense.
That option seems consistent imo with the CEO's prudent approach to the circumstances.
Also, we can't dismiss the option that Alexco might buy-out the Keno-Lightening property.
In that case, Alexco's reserves would increase substantially at a reasonable cost.
In Monster's case, it could then focus on its McKay Hill property.
It's strategically located within the hottest exploration area in the Yukon, if not Canada.
So this could be one of many possible scenarios that would benefit both companies.
As for the share structure, it looks like we'll have to be patient for further news.
Monster's website states there's been major changes and to expect updates soon.
As for the sharp increase in share price, i can only speculate it's related to new circumstances.
Those likely include the co's new direction and higher silver prices among other key factors.
As with Alexco, I believe there's good potential for exponential sp increase in V.MAN.
I enthusiastically own shares in both companies and others in the Rackla (McKay Hill) area.
Hope this helps and GLTA!
Bullboard Posts