7/13/2012 5:35:25 PM | Danny Deadlock, TickerTrax
3326 Reads | 25 Comments
After reading this overview by Danny Deadlock of the Barkerville reporting methodologies, it could be reasonably stated that two elements of questionable competency elements exist:
1. Barkerville's reporting of the facts were approached and followed with integrity and good intent but were produced by an incompetant qualifying staff and released without a through review of what would be reasonable to release in lieu of the perceived impact such a release would invoke.
or
2. Barkerville management knowlingly released a series of reporting elements that could have been reasonably construed by any competant person as being inconsistent with known reporting standards.
In either case they are both outside of reasonable performance conduct and standards that any competant reporting issuer should be aware of and follow without the exchange having to enforce amendments well after the fact. The bottom line is that the exchange was obviously not of the sentiment at the time of the release and afterwards for a resonable period of time that the issue warranted a trading halt along the way leading up to the issues peak.
In the end, the exchange should take responsibility for this issue and reprimand itself.
Just another day in the junior resource world these days.
Tedsky,