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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

Comment by wannaretirenowon Aug 19, 2019 8:54pm
337 Views
Post# 30045044

RE:RE:Why the downdraft?

RE:RE:Why the downdraft?
I am buying on the dips as this is going to be one of the biggest silver plays in the precious metals bull market.  The potential of the property is mind blowing.  These guys have figured out the geology and in such a short time frame have went from 0 to 60 m/oz and potentially another 40 in the deposits they have found.  This district is one of the highest grades out there and past mining of over 100 m ounces.  They have a mill, infastructure, power, port everything in place except 1 water licence that is coming up.  The Yukon is miner friendly and so are first nations.  I am also looking at a junior that is snooping around and has a big land package and are doing alot of ground work before they bring a drill in which is a great secondary play to this district.  If you like the silver play which I do I like a play here in Canada.  I do own other silver stocks FVI, SVM which have huge upside but always a risk in foreign countries.  GLTA
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