Member Info for NoExcuses

Cannot see how any of this applies to the sale of Capita One.

Under the National Security and Investment (NSI) Act, the Secretary of State can object to the acquisition of a UK company by another UK company if the acquisition poses a risk to national security. Here are some key circumstances where this might occur:

Sensitive Sectors: The acquisition involves a company operating in one of 17 sensitive areas of the UK economy, such as defense, energy, artificial intelligence, or communications.

Control Over Critical Assets: The acquisition results in control over critical assets or infrastructure that are vital to national security.

Foreign Influence: Even if both companies are UK-based, the involvement of foreign entities or individuals in the acquisition could raise concerns.

Significant Influence: The acquisition gives the acquiring company significant influence over the target company, which could be used to undermine national security.

Previous Concerns: If there have been previous national security concerns related to either company, this could trigger scrutiny.

The Secretary of State has the authority to impose conditions on the acquisition, or in extreme cases, block or unwind the transaction entirely.

I don’t believe it is baked in. It is all about perception and sentiment. I think when the @£200M is actually received by CPI the market will finally wake up to this reality.

You cannot be serious with your comment that the market is always right. If that were true nobody would make any money. Ask Warren Buffet! He made billions because the market was often wrong and he spotted that before others.

It should be but isn’t. I think when the @£200M is actually received by CPI the market will finally wake up to this reality.

Savage - it is clear you are scaremongering to suit your agenda. I totalled disagree with your assessment of CPI. The turnaround is on and is making good progress. The company has a strong stable client base to work with and they have already started delivering profit and margin growth. This will continue and gather momentum as new repeatable technologies start to feed into the bottom line. The transformation, imv, will lead to CPI winning more work at better margins. £180m incoming too will help! This is a screaming buy in my view!

It is massively undervalued in my view.

I think if you look at the options granted as listed in AR 2023 it is more likely to be a former director and consultant who has exercised options at 5p.. Colin perhaps

NS - what makes you think Leon has exercised some options?

Stump, yes I think that is entirely possible. Bodes well in my view.

Ard, chatgpt doesn’t have an opinion as such it just spits out information using large language models/machine learning.

Chat GPT on RBC:

RBC Capital Markets typically focuses on providing investment banking services to large corporations rather than small companies. They specialize in areas like mergers and acquisitions, equity and debt capital markets, and restructuring for mid to large-sized companies. Small companies might seek out smaller boutique firms or local brokers for their needs.

Chat GPT on WH Ireland:

WH Ireland is a UK-based investment firm that offers a range of services, including corporate broking for small and medium-sized companies. They provide advisory and capital-raising services, such as assisting with IPOs, fundraisings, and ongoing support for corporate clients. So yes, WH Ireland is more likely to cater to small and medium-sized companies compared to larger institutions like RBC Capital Markets.

Interesting developments indeed!

Kalan, the RNS states:

‘Manufacturing and testing of the new 50 000 tonnes per month copper processing module is now completed, with the final components being prepared for transit to Roan for commissioning.’

So testing has been completed it would seem

Kalan, the funding for the copper venture with IRH is in the RNS issued by JLP on 12/12/23 (under annexure 1 transaction details). Please read it for answers to your question.

I think it is you who needs to wake up and see that Jubilee is on the cusp of being a significant copper producer. The investments have been made, the facilities to produce are in place, and wealthy Abu Dhabi backers are behind Jubilee supporting it with its roll out and strategy. This is an incredible achievement. Wake up!!

Come on BT, he is referring to the investment principles of the great WB.

Slater and other wealthy funds including sophisticated investors are in this share in a big way. Also JLP has recently done deals with the likes of Mopani and the extremely wealthy Abu Dhabi based IRH (which in my view are game changing).

This company was a tiddler when I first invested but it has made great strides since.

You clearly don’t like JLP and are playing your book but please may I request that you keep your comments civil. Happy NY.

Er, last I looked they have a revolving credit facility with ABSA I believe! Is that not lending by a bank??

For BT - from the RNS:

It is expected that the SPV will acquire the Waste Rock Project through funding provided by IRH and will reimburse Jubilee for all costs incurred directly related to the development of the Waste Rock Project as well as any funding provided towards the acquisition of the Waste Rock Project prior to the implementation of the SPV.

[IRH are not paying upfront as they don't know what the costs will be hence will reimburse. Also as per below paragraph IRH will provide funding for the implementation once they receive the implementation schedule from Jubilee]

Additionally, IRH will supply the necessary funding to the SPV for the implementation of the Waste Rock Project, contingent upon the approval of the executive committee and the implementation schedule prepared by Jubilee. The funding provided by IRH to the SPV will take the form of a shareholder loan. Repayment by the SPV of the shareholder loan is contingent upon the SPV first achieving a threshold cumulative net earnings with the SPV's repayment of the shareholder loan limited to a maximum percentage of net earnings, ensuring that the majority of earnings are distributed to the equity holders of the SPV.

Jubilee will assume responsibility for the day-to-day operations of the SPV and will provide technical expertise and services at a mutually agreed-upon fee. Jubilee will be appointed by the SPV to develop, design, implement, and operate the Waste Rock Project.

[Jubilee will be paid to run the operations which is additional to the minimum 30% ownership of the SPV].

A very good deal in my view.

Also on YouTube

https://youtu.be/4J3qwKUK22k?si=R5FxZ9FGO1YtHQwv

Fatman, how do you think start ups raise capital? By listing on the markets and issuing shares! It really is elementary stuff and if you don’t know that then best to stay away from the markets.