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US expansion gathering pace ahead of the US license. Totally flying under the radar.
A famous investor once said, only invest in a company if you would buy the whole company with a quarter of your total wealth. At just £350m I would buy CABP today if that was the case LOL. Ticks every single box, high growth, profitable, tonnes of cash, massive margins, huge free cash flows, just waiting on dividends!
Https://www.google.com/amp/s/amp.theguardian.com/business/article/2024/may/03/glencore-may-trigger-bidding-war-for-mining-rival-anglo-american
Everyone wants the copper!
Https://www.crownagentsbank.com/insights/fx-and-cross-border-payments-using-technology-to-bridge-the-divide/
By 2027 cross border payments will total $250 trillion!
In terms of US government funding, I was doing some research on another US mining company, and they had stated the following in their RNS, which I find really interesting and intriguing! Can this be the reason for the sudden news blackout since 24th Oct, where we heard about NC, and then gone into silence since.
"While at this time we cannot disclose many details about our strategy as it relates to government funding opportunities"
"Targeting non-dilutive funding is a critical focus of the Company. However, minimal updates will be given for the time being, as such disclosure may interfere with our ongoing endeavours in this regard"
Hence why timelines are out of the BOD's hands. There seems to be a news embargo. And the final result on Bonds will be surprising!
With the 2nd hand capex purchases, part government funding, maybe total bond funding required will be materially lower?
DYOR, IMHO
Https://www.mining-technology.com/news/us-government-adds-copper-to-critical-materials-list/?cf-view
Last August the US Governement officially added copper to its list of critical raw materials.
Is there a possibility the US Government can provide some of the funding? Or even subsidies through the Inflation Reduction Act.
Only last week the US Governement provided $50m to Rainbow Rare Earth to develop a rare earth minerals mine in South Africa! Nobody expected this.
https://www.cityam.com/us-set-to-fund-london-listed-rainbow-rare-earths-mining-project-as-china-battle-hots-up/
From the musings on other boards, and their contact with the BOD, the repeated line is it will all make sense when everything is revealed, and it will be a pleasant surprise!
Morgan Stanley recently predicted massive investments in US Metals and mining...
https://oilprice.com/Metals/Commodities/Morgan-Stanley-Predicts-Massive-Investments-in-US-Metals-and-Mining
In todays geopolitical world, it's a question of national security, it's all about reshoring. It's critical for the US to develop a domestic supply, hence PXC resources of Empire and future exploration and development of Navarre Creek/Red Star etc becomes even more valuable, has a premium attached to it as it's US based.
https://www.energy.gov/fecm/articles/developing-domestic-supply-critical-minerals-and-materials
IMO There is something bigger going on than just funding, is it along the lines of the above, who knows, very intrigued for the big reveal, why the delay/who the funder is, and cannot wait for the news embargo to be finally lifted.
DYOR, AIMHO
"How a global race to secure copper supplies sparked a £31bn bid for a FTSE giant"
https://www.telegraph.co.uk/business/2024/04/25/how-global-race-copper-supplies-sparked-anglo-american-bid/
Https://news.uk.cityam.com/story/2161581/content.html
Just shows what's happening with UK Companies. Massively undervalued, and being taken over.
Darktrace another one snapped up today.
And this is what I have been saying about CAB Payments, if valuation doesn't approach anywhere near fair value, it will be another one snapped up, as it ticks all the boxes.
"BHP will have to dig deeper for Anglo American’s copper"
https://www.ft.com/content/a2aa1b76-a17f-4953-8e27-48dc05bf5cee
"Mining Giant BHP Bets on Copper With $39 Billion Bid for Anglo American"
https://www.investopedia.com/slug-placeholdermining-giant-bhp-bets-on-copper-with-usd39-billion-bid-for-anglo-american-8638762
"BHP-Anglo American potential merger: It’s all about copper"
https://www.mining.com/bhp-anglo-american-potential-merger-its-all-about-copper/
PFS now due any day, will put PXC firmly in the spotlight. IMO bonds will come in quick succession, and PXC will tick all the boxes...
PFS ✅️
Bond Issue ✅️
Permit for Empire - told no problem, an existing mine in a mining town ✅️
Product = Copper/Gold/Silver, all flying ✅️
Jurisdiction - Idaho, USA, one of the best Mining jurisdictions in the world ✅️
BOD/Staff - Made permanent moves with families to Idaho ✅️
Equipment- Already purchased and committed $1m+ on its way ✅️
Prospects - Huge huge Porphyry to discover. Only 1% explored to date, so potential in years to come is huge ✅️
At close to all time lows here, only way is up, smart money loading up right now.
Last time Copper Price hovering at today's price, PXC was comfortably over 50p!! And was 38p in anticipation of bonds just a few months back, many simply don't realise when PXC moves, it will move fast, free float is very small. Quite a unique situation.
DYOR
Https://www.reuters.com/markets/commodities/bhps-proposed-bid-anglo-american-is-big-bet-copper-2024-04-25/
""BHP's proposed bid for Anglo American is a big bet on copper""
"There is no way that existing mines can meet the anticipated demand, therefore the major mining companies recognise that copper needs to be a fundamental part of their portfolio," he told Reuters.
Everyone is looking for Copper assets......
Https://www.cityam.com/anglo-american-mulls-bhp-offer-in-possible-mining-mega-deal/
On PXC, I am expecting PFS to drop anyday now, quite possibly next week, quickly followed by the bond finance. Something delayed the finance, real world business is never simple, once we know the reasons, hopefully it makes sense, last few months have been painful!
Copper at $4.51, 2 years back PXC was hovering around 50p at those prices, and now gold is at an ATH. PXC could easily surpass those good old times IF they deliver PFS and Bonds as they have intimated. IMO, with last few RNS's, contact with the BOD, they will deliver soon.
Always DYOR
Bargain basement will be an understatement if PFS and Bonds Funding is delivered imminently.
I remember only few months back PXC racing away to 39p, and talks of 80p plus was on the horizon with bond issue about to complete.
Things can move very fast, just takes 1 RNS, everyone knows multiple news now pending, and the big prize on the horizon.
DYOR
18 mins ago
We are thrilled to have been shortlisted for the Innovation category at the European Pensions Awards🎉
Head over to our website to learn more about our EMpower Pensions offering 👉 https://lnkd.in/eFV6fSAm
See the full shortlist here: https://lnkd.in/gqCzmP-A
Congratulations to our pensions team, and fingers crossed!
#EuropeanPensionsAwards #Shortlisted #Awards #TeamCAB
By any measure this is extraordinary. Which other business is looking to grow by 300% in 3 years!!
CABP Europe starting from a base of Zero
CABP US will be starting from a base of Zero
Aswel as the existing business which continues to grow, Europe and US will add exceptional growth opportunities.
And with a large pile of cash, no debt, very low capital costs, and a world class BOD with all their links, they can manoeuvre in a nimble flexible way to grasp the opportunity.
If CABP grows x3 by 2027, revenues would be ~£400m, with ~£200m EBITDA at current ~50% margin. With just 254m shares, that's 80p a share 🤯🤯
1 license issued, 1 license due soon, IMO would not be surprised at all if IPO price of 330p is taken out this year, stupidly low valuation.
One which the market has totally mispriced, and PI's totally in the dark. Multibagger opportunity for sure, I know iv been saying this since 65-70p 😉. Ignore the 'noise', they are desperate for your shares.
DYOR
European License and looks like US license is just a matter of time, along with all this...
Premium Listed ✅️
Small free float getting smaller by the day ✅️
Huge margins 47% EBITDA ✅️
Massive Free Cash Flows ✅️
Zero Debt 🤯
Clean balance sheet ✅️
2024 numbers will look even better without the one off 2023 IPO costs ✅️
Huge growth opportunities - x3 by 2027 ✅️
European License granted ✅️
US License H2 24 ✅️
World Class BOD ✅️
UK Banking License ✅️
Unique Competitve Advanatages ✅️
Start getting ready for the US license being issued 😉
IYKYK
So many moving parts now with effectively 3 businesses, 2 brand new markets, which are all massively significant on their own.
Just have to sit back, ignore the noise, and let the small free float and institutional demand work this out 📈
It's an extremely unique situation with CABP, the small free float will rerate this faster than what most will expect. 80-90% must be locked up with BOD and institutions. If big volume comes CABP could easily do 40-50% in a day. Today with just tiny volume it was up 20% at one point.
A premium listed company already massively undervalued.
Premium Listed ✅️
Small free float getting smaller by the day ✅️
Huge margins 47% EBITDA ✅️
Massive Free Cash Flows ✅️
Zero Debt 🤯
Clean balance sheet ✅️
2024 numbers will look even better without the one off 2023 IPO costs ✅️
Huge growth opportunities - x3 by 2027 ✅️
European License granted ✅️
US License H2 24 ✅️
World Class BOD ✅️
UK Banking License ✅️
Unique Competitve Advanatages ✅️
With the one-off IPO costs done, margins, FCF, Profitability will only increase further.
End of 2024 cash balance could equate to half of current market cap. An insane situation.
Institutions have run the numbers, and are buying up everything available, hence the rapid spike ups.
Could see a "ice hockey stick" 🏒 style rise back towards IPO and beyond.
US License will then add further rocket boosters later this year.
Dividends, share buybacks a good possibility with all the cash being built up.
Perfect storm brewing for incredible returns over the next 12-18months.
DYOR
From the Annual Report issued last week...
""The Group remains debt free with no debt securities in issue, we are proud that our debt free and highly-liquid balance sheet enables us to move in an agile manner to seize on growth opportunities""
Probably has £90m-£100m in Cash, with £57m FCF in 2023 alone.
Been saying for a while, CABP either has a massive rerate, or it will be snapped up by a predator. It's a cash machine, simple as.
New license/s opens up HUGE HUGE growth opportunities. WCA and Goldman Sachs know it.
They are looking to x3 in volumes in 3 years!! Extraordinary.
For starters will be over 200p+ in a flash. Said multibag by end of 2024.
DYOR
If 130p ish smashed, IMO we will get an ice hockey stick rise to 200p+ in no time 🚀. Huge Gap to 220p.
New EU License ✅️
LSE Premium Listed ✅️
Goldman Sachs starts a position ✅️
Working Capital Advisors 5%+ few weeks back ✅️
ZERO debt ✅️
£57m FCF ✅️
£65m EBITDA ✅️
48% EBITDA Margin ✅️
25% growth WITHOUT any new licenses
World Class BOD
Growth going forward could truly be spectacular. CABP target to grow market share 3x by 2027!!
Free float non existent. Could get very interesting.
US license expected in H2 24
Hardly any PI's here, totally under the radar, institutions snapping everything up.
DYOR, read the results RNS.
I guess Goldman Sachs and Working Capital Advisors know the huge disconnect to anywhere near fair value and are happy to build a 3%+ and 5%+ position, all you need to know!
Share price has been carefully managed for months now. And who knows GS and WCA could continue building a position, and maybe others also!
We just have to patiently wait for them to fully load up before this is allowed to rerate.
EU license in the bag and then US license to come, profits, cashflow and growth will be notching up a few levels. Buys at this level and below when Dividends kick in, dividend yield could be spectacular.
Growth story of trebling market share in 3 years! Totally transformative, cannot see many other companies doing this, or even thinking about it.
DYOR, simply read the RNS's.