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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 mattbighamon Jun 13, 2022 3:21pm
299 Views
Post# 34752979

PDAC today

PDAC todayAXU have over $100  million into Keno in these last three years with full mining operations now expected  and over 100 million oz of high-grade silver discovered with another large DP now under way.

Construction at Keno began in Q2/Q3 2019 so it has been three years and $107 m in cash raised during this period:

2022
Alexco Closes $13.1 Million Non-Brokered Private Placement
Alexco Closes $9.2 Million Flow-Through Equity Financing
2021
Alexco Closes C$28.75 Million Bought Deal Equity Financing
Alexco Closes $11.7 Million Flow-Through Equity Financing
2020
Alexco Closes $30 Million Common Share Equity Financing
Alexco Closes $8.6 Million Common Share Public Offering
2019
Alexco Announces Closing of US$6.5 Million Bought Deal Equity Financing

Since Covid restrictions are no longer punishing the company and it is summer in the Yukon I expect the company's management to meet production expectations  and be cash flow positive.

Otherwise,I see First Majestic is three booths over again at PDAC and Clynt might want to get some tips from a successful mine builder and producer.



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