BELLAMONT EXPLORATION B V.BMX.B

BMX Outperform

[username007]

By RBC  Michael Harvey- book value 0.67 target 1 year
.75 Nov.29 2010.
Calgary Aston Hill Joanne Hruska (TBE) -strong buy -Nov. Investor Digest

[hawkowl1]

B shares offer better value at this time. CIBC were very wise to buy 104,200 B shares in October. And I was wise buying a whack in November. House Positions for BMX.B from 20101001 to 20101031 Ex House Bought $Value Ave Sold $Value Ave Net $Net 79 CIBC 104,200 546

[username007]

When i look at the charts and numbers you right the B shares are a better bet maybe a bit more volatile but they fit the curve nicely,i bought 10 k. (a) shares  at 0.57 -3 days ago, i hope it was the right timing.

[hawkowl1]

The B shares just dont have the liquidity but who cares if you have a long term energy outlook.In this situation long term for me is March 2012 for Bellamont B's because that is when they will have to convert to A's.Only 15 months away.With any luck they will get taken out in 2011.They have envious prospects.

[username007]

I've done super so far with TBE and STP and yes i wouldn't  mind to be taken out in 011. 

[hawkowl1]

And thanks to the fund that was selling me B shares at $5.25.I know you needed a tax loss and was more than willing to help you out.Merry Xmas to ya.I have 2 bids in for 7000 shares at $5.25 if you need more tax loss's booked.

[username007]

Thanks i have few donkeys of my own ready for the purpose.Merry Christmas to you and your tribe

[mtsuit]

"B shares offer better value at this time."But isn't their appreciation capped at $1/share.  If BMX goes above that price then isn't the A is a better bet.

[hawkowl1]

Yes .If A shares trade above $1 they would be the better security.In theory at $1 per A share at conversion or take out ,B holders would receive 10 "A" shares.At $1.25 per A share B's would receive 8 A shares.The higher the share price the less dilution.