RE: RNS news1 Dec 2025 20:26
Probably best to stick to the facts, which tell you everything you need to know:
3 RNS’s in under 2 weeks and the SP is down 2% during that period.
If the market had any interest, there would have been some movement.
The value of shares trade on many days recently has been around £5k per day.
SP is down 54% YTD.
NH2 couldn’t even be bothered to issue a comment for PHE to use in the RNS.
NH2 have a landowner prepared to offer them a lease on land for which they have no planning, environmental or regulatory approval. So this is just padding.
NH2 have no timelines, project costs, revenue and profit projections.
The last thing NH2 have, or are near is a FID
The last statement on funding indicated an IPO around mid to late 2026, but may not even be accepted by the markets.
They are now having to raise money, because their parent company (NEO) can’t, following 3 failed IPO’s.
”NH2 has now established the project SPV "National Waste to Energy", in which PHE will hold a 5% equity stake, in return for support the Company is providing to NH2 (and the SPV) to take FID on its Perth project.” – The last part of that sentence doesn’t make sense and is very unclear.
It does suggest payment in lieu of work, as it’s the only commercial term in the RNS.
PHE get 5% of what? NH2’s profits; when? PHE will presumably have to pay all costs until then?
People like Swazers, Castle, Dusty (noticed he’s been here all day), Abnormal (who admits to multiple accounts, so clearly can’t be trusted), Rat, Al and so on; desperately trying to make this sound like it’s something.
For me and many others, it stinks of desperation, not to mention rushed; along with the other two RNS’s!