via Stockwatch - Barkerville

Barkeville shares to remain suspended from trading.

One day during the worst parts of the decline in gold producers, all of these shares began trading briefly at share values far higher than their market values the day Barkerville was suspended a year before. If those trades were allowed, then GBN.V shares would be trading at much higher prices. Instead the attempt to resume trading was scrapped, since it adversely affected the sell side.

This is related to derivatives such as equity swaps being held over all gold mining shares, and the trading halt put a wrench in the works as far as resuming trading for Barkerville would revalue the entire sector.

The derivatives in question were all affected by the halt in trading and exchanges are faced with a major revaluation in gold mining share prices because the problem in programming within derivatives contracts can't be erased, and hundreds of millions are at stake for various banks. So Barkerville remains suspended instead.

Note that Sprott has lent a nominal sum to Barkerville.

Stockwatch