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Bullboard - Stock Discussion Forum BELLAMONT EXPLORATION B V.BMX.B

TSXV:BMX.B - Post Discussion

BELLAMONT EXPLORATION B > Puzzling why there is selling at around .60
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Post by bankerboy28 on Apr 03, 2011 9:21pm

Puzzling why there is selling at around .60

why would larger lots be going at this price of .60 when the NAV is worth around .80 and even more puzzling is why insiders Birchard and Thomas sold 50000 and 60000 shares at .71 cents back on Feb 18th...does not make sense to me why management would sell below the asset value of 80 cents...I am sure they have cash around and would not need to sell shares to get money to go on winter vacation..seems this company is not getting any respect...BB28
Comment by amp7 on Apr 04, 2011 11:34am
Sometimes the market knows things retail investors don’t. Regardless, I’m hanging on to my shares and over time I expect it will pay off. That said, IMHO, much of the current oil price is speculation stemming from the unrest in the middle east. If Lybia were to get resolved with the dictator leaving and the US simply refused to support other popular revolts, what happens to the oil price? We still ...more  
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