Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Likes this share, and the board alot....Been asked to pass this on so here you are..... "http://www.advfn.com/p.php?pid=quote&symbol=L%5eBCAP&cb=1261223308 Website: http://www.bettercapital.gg/ (Guernsey Registered!) http://www.investegate.co.uk/Article.aspx?id=200912030700084905D http://www.thisislondon.co.uk/standard-business/article-23785116-funds-can-only-get-better-as-moultons-new-venture-floats.do For those not aware, Jon Moulton founded Alchemy Partners a private equity group, this was some time in the late 90’s. He left in September this year after a clash over strategy because he wanted to focus more specifically on distressed and financially needy companies where as other partners wanted old school investments. That’s my version of it not the PR spin or his. Anyway, roll forward 3 months and from what I have heard Jon was having serious amounts of cash thrown at him to do this and do that, for which I can only assume he declined. Preferring instead to create a company that wants to focus on distressed UK and Irish Business, where they can turn the company round by looking at the management (bad) and need for cash. I love the model. " "From what I have read, the company will limit investments so that all the eggs aren’t in one basket. I think the tiered investment ratios are no more than 20% of cash in any investment and no more than 10% is listed companies. BCAP has about £140M cash and is valued around £150M. It’s certainly one to watch, or even just keep an eye on who they are invested in if listed! I am a great believer in the people behind companies and Jon Moulton has showed confidence by investing £13M of his own cash in this. Other Directors had to commit to a collective minimum of £350K which if I’m correct is equivalent to one year’s combined salary for all of them. I have great faith in the company, yes the price could dip but my broker says that all the “initial” offering investors have signed a “no shorting clause”. So the company’s at a 6% premium to the current cash value, but with the brains of Jon behind the company, I don’t think it’s unreasonable to see £5 in 3 years, this is based on the Alchemy performance and only 25% of it, I opted for this figure as the 100% would mean a £20 a share….which I think would be unrealistic. Overall, someone who I have a lot of faith in and I would go as far to say, better than a savings bank in terms of safety and returns! You can’t get better than Jon Moulton, Mark Aldridge (accountancy supremo) and Nick Sanders (Company management and a damn good name) and that’s just the consultants and with the shrewd and avid Richard Crowder (Chairman and well known for shareholder value), Richard Battey (the man should have his own church, came from Schroders and is on the board at Juridica Capital Management Limited) and Ph