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CE, I agree, given the lack of news, hole 10 is looking very promising. It is steeply angled i.e downwards and it started before the 2nd August.

So , two key questions, Is the current rise de to the buy backs or a change in sentiment ? Will we ever get over 190p ? I know that is like asking if Liverpool will ever win the Premiership again but hey , it's an interesting question as once again we draw near.

Mr A, hah, this sheep will once again approach the 190p fence , get zapped, and recoil back again.

Well I am quite happy with this. This is all relative to how dire things were last year. Our 52 week low was 88p and things were looking a lot bleaker. I know the dividend could have been higher but an expectation of 4p next year is something to look forward to. I would expect a share price of at least 190p when the buy backs start again.

Mr A, I agree, Barclays is in a very strong position. There are still clouds on it's horizon, namley the class civil action following the LIBOR rigging, the on-going spat with the EU on financial business and a potentially greater falling out if the EU deal unravels over the N.I border dispute. Having been in Barc on and off for many years (2009 !) I know things are never straightforward. I still maintain a prediction 1.5p dividend and further buy-backs tomorrow. Slow and steady progress suits me fine.

Interesting developments in the last few days, I am not sure of the point in producing a plan for a mine based largely on old data but at least it shows potential. Surely it would have been better to wait until Phase 2 had been completed. A key take away from me is that both drills are still turning, we must be at least 600m down on both. This is why I question the point in producing plans without waiting for more data.

I think they will be cautious and go for 1.5p and more buy backs to strengthen our position for the future.

They do read well even though there is once again mention of rain and indeed, 'jam tomorrow.' That said, from these results we can hope for the following by the end of July, a commencement of mining at Fairbide, commencement of mining at the two smaller concessions and the start of Phase 2 at Bushranger with all the attendant excitement as each hole is drilled. Fingers crossed, and toes.

Yes, they are rather fond of the concept of 'trickle down' benefits. I am hoping the FCA allows a greater percentage of dividend payments and we get at least 2p in July plus another buy-back.

Things in Aus are looking good, albeit we have gone from the hype of deep mining potential in Jan & Feb to shallow open pit mining now but the potential is definitely there. We need a clear up to date position on ALL the African projects without comments about rain or border hold ups, that is so 2019/2020. The delays just play to the fears of 'same old BoD, no news is actually bad news'

I think the greater risk to the market and the financial sector then COIVD is the latest dispute over the NI Protocol. Both sides are digging in from an ideological perspective and things can exit really quickly and this will hit the banks as they rely on cross border deals as well as the wider economy. Brexit hit the banks between 2016 and late 2019 and there is still a sting in it's tail.

Thanks Mr A. This article makes sense and I hope this will be reflected in the half yearly results. Perhaps we will see a continuation of the buy back and a small increase to the dividend.
In the short term the Barclays sheep is once again approaching the electric fence that 190p represents. Maybe this time we will jump over it !

We could do with an update on Fairbride, we are now nearing the end of H1 and production should be starting soon.

I love this analogy , it runs like crazy whenever it gets near 190p . I do not think it needs a miracle, it's just become a self fulfilling prophecy and people set their watches or indeed Limit Sells by the 190p mark. If I did not have so much hope in this and a FOMO, I would do the same.

Personally I am pleased the market has absorbed this 6% equity dump so easily and this bodes well for the company. I predict that this week we will once again be approaching that electrical fence that is 190p, maybe one day we shall leap over it.
We can now start looking forward to the 1/2 yearly results with maybe a promise of more buy-backs and a greater divident.

At risk of sounding negative, why is we get assay results from Africa in weeks but wait months for results from Australia? I am afraid more clarity is needed. I am pleased with this latest development though.

Never mind the de-ramping, the key issue is that drilling finished 3 months ago and compared to hole 1 the assay results are late, simple as that despite promises of 'soon' etc. I remain very happy with the recent price rises, the share purchase by Colin, the fund raising and the new survey work but there is still a lingering lack of confidence based on historic practices which is causing the drift. If we do not get assays, lets at least have a comment as to a timescale.

This keeps on bouncing of the 190p mark line a sheep against an electric fence ! It comes forward for a sniff, gets shocked, drops back and then sure as eggs are eggs it comes back for another sniff... bang zap.

Mr A, thank you and keep at it. You are a regular commentator on the board but that does not make you a Jack Bower, some of you will remember him.

I think today’s RNS was all about the subtle updates Geo work aside i.e the fact that hole 6 is still being drilled and he wants to sell to AA.