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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 Riverwandereron Jan 13, 2020 8:06pm
263 Views
Post# 30548896

RE:RE:AXU down

RE:RE:AXU downI spoke with the company's IR manager recently and the outlook is very positive in my opinion. Alexco are due to receive the final permits in the coing weeks and management will make a production decision shortly thereafter. The company's resource has been building at 8m oz high grade silver p.a. at an average discovery cost of only $0.55 which is hugely accretive for shareholders. And the stock looks extremely cheap from both a resource and earnings perspective versus the sector particularly if the silver price were to rally in 2020. In a sector dominated by stocks in high risk jurisdictions Alexco really stands out, and given this was a recently operating mine the risks of starting up production are far lower than for a greenfield operation. Once the permit has been received and production decision has made this stock should be much higher. DYOR.
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