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Castle, my personal opinion is that although it's possible the Whites are still selling, I think it's unlikely given that PHE are trading around 1 year highs. A few days ago the RSI was signalling PHE was overbought, just like at the end of Feb where the following week the price dropped back. I believe PHE still has positive momentum towards the upside given that there hasn't been a large sell off when the price dropped below 1. If anything the price has been pushed down on trades worth peanuts. Currently I think we are in usual market churn where MM's try to improve liquidity by shaking out some of the weak holders.
Https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-19th-march-2024/
Although most of the terms are similar to the original agreement (Longford JV agreed with Powerhouse Energy, 22 March 2023), there is a slight change to the payments. The initial agreement was for a £400k payment. HUI has already received a payment of £100k, and will receive further £100k payments on the signing of the Subscription and Shareholder Agreement and once planning permission has been granted. The partners will fund the development on a 50/50 basis with initial funding by way of shareholder loans (for a maximum of €200k each).
Yes, I'm heavily invested and very optimistic about PHE. Recently it has been coming into a positive news flow but hasn't been without problems getting to this point. PHE share price finally looks to be breaking out after a 90% drop over 3 years.
Dusty, good luck with your strategy. Even if this share was priced lower than it is today your main reason for not investing is Paul Emmets involvement. So you investing at any price would be against your own principals. The whole AIM market is highly risky. I believe both price and sentiment are heavily manipulated in order for the big boys and market makers to get their fill. Price spread for one is often used to make buys appear as sells and vice versa. Sentiment and news flow have turned positive and I suspect the big boys got their main fill when this was below 0.5. At one point my initial investment was down 90%, so I know your pain well. I am still down overall but believe it will come good and continue to top up (also a risky strategy).
Possible news coming? https://www.marketscreener.com/news/latest/Spain-s-govt-to-approve-on-Tuesday-green-hydrogen-projects-regulation-in-Spain--42689724
You could be right Cureboy. Could do with some trades going through worth 000's instead of 10's of £. Currently looks like price manipulation for those who bought in last month. Long way to go before I break even on this share, so I won't be selling anytime soon.