Australian (ASX) Stock Market Forum

RFX - Redflow Limited

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Dona Ferentes said:
As mentioned elsewhere, the vanadium redox batteries get a bit of publicity in an ABC story. No mention of RFX, but a bit on the development history.

Now the luvvies have discovered it, will there be an uptake?

www.abc.net.au

Invented in Australia, this battery never degrades and can last 'forever'. So why haven't we heard of it?

A type of battery invented by an Australian professor in the 1980s is being touted as the next big technology for grid energy storage. Here's how it works.
www.abc.net.au www.abc.net.au
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Problem is, the ABC audience is so small and compact it will not make a lot of difference.;););)
Mick
 
Dona Ferentes said:
As mentioned elsewhere, the vanadium redox batteries get a bit of publicity in an ABC story. No mention of RFX, but a bit on the development history.

Now the luvvies have discovered it, will there be an uptake?

www.abc.net.au

Invented in Australia, this battery never degrades and can last 'forever'. So why haven't we heard of it?

A type of battery invented by an Australian professor in the 1980s is being touted as the next big technology for grid energy storage. Here's how it works.
www.abc.net.au www.abc.net.au
Click to expand...
RFX use Zinc Bromine as their redox agent, rather than the Vanadium in the article. Zinc is more abundant and less messy to refine, but the principle is the same.
Mick
 
mullokintyre said:
Problem is, the ABC audience is so small and compact it will not make a lot of difference.;););)
Click to expand...
I don't know about that. I received a message from my son (definitely not ABC) with the link to the article, and saying
Have heard a few people say that it’s the next big mineral
Click to expand...
...so I drew his attention to local hero RFX. Will be interested in his comments.
 
mullokintyre said:
And now I notice that RFX has reached a 52 week low this afternoon.
Not happy Jan.
Mick
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They certainly lack any kind of media support, whether it is a lack of positive news from the company or a lack of journalistic support for other reasons, who knows.
One would have thought they would have some data as to performance, from the Optus cell tower deployments, either the data isn't good or whoever is in charge of media releases needs sacking IMO.
You can't get market traction, without giving the market information.

I do hold and have done for a long time, but my patience is wearing thin.
 
mullokintyre said:
Problem is, the ABC audience is so small and compact it will not make a lot of difference.;););)
Mick
Click to expand...
sadly i missed the 12% jump on AVL by noticing this post now

am already deeply in the red with RFX

it will need to start generating after-tax profits , before i considering reaching for the wallet
 
mullokintyre said:
RFX use Zinc Bromine as their redox agent, rather than the Vanadium in the article. Zinc is more abundant and less messy to refine, but the principle is the same.
Mick
Click to expand...
As I said in post #230, what is wrong with Redflows media dept, or why aren't the media outlets promoting an Australian product, on has to wonder. :rolleyes:
Not much hype in the mainstream media, maybe they aren't in the purple circle.?

January 2023

Successful installation of Redflow batteries at final BoM radar site – Redflow

redflow.com redflow.com

July 2022

Redflow signs first Australian large-scale 0.56 MWh deployment of Gen3 – Redflow

redflow.com redflow.com

Feb 2021

Federal Minister unveils Redflow and Optus’ Resiliency Initiative – Redflow

redflow.com redflow.com
 
Maybe "the Media" will take notice of the latest Investor.
1675725025656.png

Amazing that a cap raising is ABOVE the previous closing prices!
But I will take it.
Mick
 
Dona Ferentes said:
As mentioned elsewhere, the vanadium redox batteries get a bit of publicity in an ABC story. No mention of RFX, but a bit on the development history.

Now the luvvies have discovered it, will there be an uptake?

www.abc.net.au

Invented in Australia, this battery never degrades and can last 'forever'. So why haven't we heard of it?

A type of battery invented by an Australian professor in the 1980s is being touted as the next big technology for grid energy storage. Here's how it works.
www.abc.net.au www.abc.net.au
Click to expand...
maybe...


Redflow secures c$2.5 million at 30% premium from strategic investor
Key highlights:
  • 5% Placement undertaken at a 30% premium to Redflow’s closing price on Friday 3Rd February 2023, when the placement was first considered
  • Introduces strategic investor Scale Facilitation® to the Company’s register, demonstrating strong endorsement of Redflow’s energy storage technology and growth opportunities
    Redflow Limited (ASX: RFX; Redflow or Company) is pleased to announce that it has secured a firm commitment from Scale Facilitation Pty Ltd (Scale Facilitation®) to raise circa $2.5 million (before costs) via a share placement (Placement).
    The Placement price of 26 cents per share represents a 30% premium to the Company’s last closing price on Friday 3 February 2023, when the placement was first considered. In addition Scale Facilitation® has agreed to a voluntary escrow of the Placement shares for 12 months, allowing Redflow and Scale Faciliation® to explore strategic partnership opportunities to create value for both companies and their shareholders.
    Commenting on the Placement, Redflow CEO & Managing Director Tim Harris said:
    “We are delighted to welcome Scale Facilitation® to our register, and their recognition of Redflow as an exciting investment proposition within the global energy storage econsystem they are building. This investment, at a significant premium to the closing price on Friday 3 February 2023, when the placement was first considered, is another validation of Redflow’s energy storage solution and our growth strategy in Australia and the US. It provides the potential for Redflow to benefit from the broad energy storage ecosystem Scale Facilitation® is building in the US, Australia and other markets.”
    Scale Facilitation® Founder & CEO David A. Collard said:
    “We are focused on green energy, and building several strategic investments and key projects in this fast growing and critical sector. Having just been selected as preferred bidder for Britishvolt in the UK, we are delighted to expand our ecosystem with this investment in Redflow. The Company is a leader in flow battery technology globally, and we believe Redflow’s proven zinc based solution has a huge role to play in the burgeoning energy storage market as a complement to established Lithium battery solutions.”
    As well as providing Redflow with working capital to underpin its business plan and growth objectives, Redflow intends to use the proceeds of the equity raising to:
  • support sales and business development, core infrastructure and general working capital activities
  • support ramp up of Gen3 battery manufacturing in our Thailand facility, including funding supply
    chain raw materials and finished goods inventory
  • support cost reduction, product development and research activities
  • Redflow secures c$2.5 million at 30% premium from strategic investor
    Key highlights:
    • 5% Placement undertaken at a 30% premium to Redflow’s closing price on Friday 3Rd February 2023, when the placement was first considered
    • Introduces strategic investor Scale Facilitation® to the Company’s register, demonstrating strong endorsement of Redflow’s energy storage technology and growth opportunities
      Redflow Limited (ASX: RFX; Redflow or Company) is pleased to announce that it has secured a firm commitment from Scale Facilitation Pty Ltd (Scale Facilitation®) to raise circa $2.5 million (before costs) via a share placement (Placement).
      The Placement price of 26 cents per share represents a 30% premium to the Company’s last closing price on Friday 3 February 2023, when the placement was first considered. In addition Scale Facilitation® has agreed to a voluntary escrow of the Placement shares for 12 months, allowing Redflow and Scale Faciliation® to explore strategic partnership opportunities to create value for both companies and their shareholders.
      Commenting on the Placement, Redflow CEO & Managing Director Tim Harris said:
      “We are delighted to welcome Scale Facilitation® to our register, and their recognition of Redflow as an exciting investment proposition within the global energy storage econsystem they are building. This investment, at a significant premium to the closing price on Friday 3 February 2023, when the placement was first considered, is another validation of Redflow’s energy storage solution and our growth strategy in Australia and the US. It provides the potential for Redflow to benefit from the broad energy storage ecosystem Scale Facilitation® is building in the US, Australia and other markets.”
      Scale Facilitation® Founder & CEO David A. Collard said:
      “We are focused on green energy, and building several strategic investments and key projects in this fast growing and critical sector. Having just been selected as preferred bidder for Britishvolt in the UK, we are delighted to expand our ecosystem with this investment in Redflow. The Company is a leader in flow battery technology globally, and we believe Redflow’s proven zinc based solution has a huge role to play in the burgeoning energy storage market as a complement to established Lithium battery solutions.”
      As well as providing Redflow with working capital to underpin its business plan and growth objectives, Redflow intends to use the proceeds of the equity raising to:
    • support sales and business development, core infrastructure and general working capital activities
    • support ramp up of Gen3 battery manufacturing in our Thailand facility, including funding supply
      chain raw materials and finished goods inventory
    • support cost reduction, product development and research activities
 
What am I missing?

This feels like a typical ASX lifestyle company. Just because a technology exists doesn't make it a profitable venture. How much do sales have to increase to turn to profitability? 500%? 1000%? And since 2017 sales have barely increased, from the annual reports I worked out they've received more money in R&D grants from our pork masters in the federal government than from actual sales. I won't even bother posting the accumulated losses or share price chart. Looks like sales are not even remotely covering the basic raw direct manufacturing inputs, forget about covering sales costs, overheads, depreciation, etc. etc. Are these guys selling these systems at a loss or something?
1675736057159.png


Reading through presentations good luck finding any easily accessible basic KPI information such as:
  • Sales by region? - Seems a lot is going to California...
  • capacity ordered?
  • Cost per /Revenue per whatever metric of battery storage you want to use
Salaries have certainly kept pace with the cost of inflation and then some... No bonus this year? No worries, here's a 10% pay rise. Maybe salaries are inversely related to the share price?
1675736543043.png
 
SynQuasi said:
maybe...


Redflow secures c$2.5 million at 30% premium from strategic investor
Key highlights:
  • 5% Placement undertaken at a 30% premium to Redflow’s closing price on Friday 3Rd February 2023, when the placement was first considered
  • Introduces strategic investor Scale Facilitation® to the Company’s register, demonstrating strong endorsement of Redflow’s energy storage technology and growth opportunities
    Redflow Limited (ASX: RFX; Redflow or Company) is pleased to announce that it has secured a firm commitment from Scale Facilitation Pty Ltd (Scale Facilitation®) to raise circa $2.5 million (before costs) via a share placement (Placement).
    The Placement price of 26 cents per share represents a 30% premium to the Company’s last closing price on Friday 3 February 2023, when the placement was first considered. In addition Scale Facilitation® has agreed to a voluntary escrow of the Placement shares for 12 months, allowing Redflow and Scale Faciliation® to explore strategic partnership opportunities to create value for both companies and their shareholders.
    Commenting on the Placement, Redflow CEO & Managing Director Tim Harris said:
    “We are delighted to welcome Scale Facilitation® to our register, and their recognition of Redflow as an exciting investment proposition within the global energy storage econsystem they are building. This investment, at a significant premium to the closing price on Friday 3 February 2023, when the placement was first considered, is another validation of Redflow’s energy storage solution and our growth strategy in Australia and the US. It provides the potential for Redflow to benefit from the broad energy storage ecosystem Scale Facilitation® is building in the US, Australia and other markets.”
    Scale Facilitation® Founder & CEO David A. Collard said:
    “We are focused on green energy, and building several strategic investments and key projects in this fast growing and critical sector. Having just been selected as preferred bidder for Britishvolt in the UK, we are delighted to expand our ecosystem with this investment in Redflow. The Company is a leader in flow battery technology globally, and we believe Redflow’s proven zinc based solution has a huge role to play in the burgeoning energy storage market as a complement to established Lithium battery solutions.”
    As well as providing Redflow with working capital to underpin its business plan and growth objectives, Redflow intends to use the proceeds of the equity raising to:
  • support sales and business development, core infrastructure and general working capital activities
  • support ramp up of Gen3 battery manufacturing in our Thailand facility, including funding supply
    chain raw materials and finished goods inventory
  • support cost reduction, product development and research activities
  • Redflow secures c$2.5 million at 30% premium from strategic investor
    Key highlights:
    • 5% Placement undertaken at a 30% premium to Redflow’s closing price on Friday 3Rd February 2023, when the placement was first considered
    • Introduces strategic investor Scale Facilitation® to the Company’s register, demonstrating strong endorsement of Redflow’s energy storage technology and growth opportunities
      Redflow Limited (ASX: RFX; Redflow or Company) is pleased to announce that it has secured a firm commitment from Scale Facilitation Pty Ltd (Scale Facilitation®) to raise circa $2.5 million (before costs) via a share placement (Placement).
      The Placement price of 26 cents per share represents a 30% premium to the Company’s last closing price on Friday 3 February 2023, when the placement was first considered. In addition Scale Facilitation® has agreed to a voluntary escrow of the Placement shares for 12 months, allowing Redflow and Scale Faciliation® to explore strategic partnership opportunities to create value for both companies and their shareholders.
      Commenting on the Placement, Redflow CEO & Managing Director Tim Harris said:
      “We are delighted to welcome Scale Facilitation® to our register, and their recognition of Redflow as an exciting investment proposition within the global energy storage econsystem they are building. This investment, at a significant premium to the closing price on Friday 3 February 2023, when the placement was first considered, is another validation of Redflow’s energy storage solution and our growth strategy in Australia and the US. It provides the potential for Redflow to benefit from the broad energy storage ecosystem Scale Facilitation® is building in the US, Australia and other markets.”
      Scale Facilitation® Founder & CEO David A. Collard said:
      “We are focused on green energy, and building several strategic investments and key projects in this fast growing and critical sector. Having just been selected as preferred bidder for Britishvolt in the UK, we are delighted to expand our ecosystem with this investment in Redflow. The Company is a leader in flow battery technology globally, and we believe Redflow’s proven zinc based solution has a huge role to play in the burgeoning energy storage market as a complement to established Lithium battery solutions.”
      As well as providing Redflow with working capital to underpin its business plan and growth objectives, Redflow intends to use the proceeds of the equity raising to:
    • support sales and business development, core infrastructure and general working capital activities
    • support ramp up of Gen3 battery manufacturing in our Thailand facility, including funding supply
      chain raw materials and finished goods inventory
    • support cost reduction, product development and research activities
Click to expand...
Well... That didn't exactly work out very well... At least they kept the deposit! This probably should be investigated...
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