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RFX - Redflow Limited

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Well it all comes back to optics, when you are talking up the rhetoric, punters believe what they hear and read.
Hindsight is a wonderful thing, once I was burnt on the potash dream, I became very sceptical of the green can dreaming rhetoric.
Thankfully I wasn't burnt on RFX, I think the renewable dream needs a royal commission, to get a honest appraisal of the reality. Lol

As we say DYOR.

Why wouldn't punters jump on board the great new made in Australia green dream? The Govt was on board

Redflow zinc-bromine flow batteries to ensure resilient telecoms in Australian government initiative

Dozens of zinc-bromine flow battery units will be deployed at 56 remote telecommunications stations in Australia, supplied by manufacturer Redflow.
www.energy-storage.news


Redflow charging up ahead of next-gen battery launch

Redflow (ASX: RFX) is gearing up to launch the next generation of its zinc-bromine flow batteries for energy storage after years spent improving the technology.
www.businessnewsaustralia.com


Why it's not all about lithium batteries

CEO of Redflow, Tim Harris, explains the advantages its zinc-bromine batteries have over lithium batteries & its recent deal in California. Find out more at Eureka Report.
www.intelligentinvestor.com.au
 

It is merde. My point was focusing on the long term problems Redflow had with getting the manufacturing right. How did they get away so long with a faulty product ?

I don't think we throw out the baby with the bathwater. Creating a clean renewable energy system is essential and makes great sense. That doesn't mean every project works. It doesn't mean their won't be hiccups, mistakes and sometime grave errors and fraud. But these are all risks and realities across the business world.

It really xhits me though how Redflow talked up their project while it's execution was just appalling. I think heads should roll on that front.
 
I agree with you Bas, I just think that if a transition to renewables is to be successful, it has to be a well thought out, well executed plan otherwise it becomes chaotic and that unfortunately looks as though what is happening.
We have coal generators now being funded by the taxpayer, gas turbines that are running on diesel due to insufficient supply of gas, it certainly doesn't appear to be a well executed plan and that leads to stop gap fixes and money being thrown at untested and unproven products in the hope it will work.
Redflow took the opportunity to fast track a product, to take advantage of the market created by Governments setting targets that required a speedy rollout, or the lithium based competion would close the door on zinc bromide products.
When things are fast tracked, mistakes are made, It will be interesting to see how many other failures happen before 2030, interesting times.
 
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well for a start there are some directors that earned a place in my little black book ( of directors and companies to avoid )

having issues is part of a new business/project , glossing over the troubles is unfortunately more common than it should be

dodged the potash bullet ( except via BHP ) , but yes i lost some cash at 'Green dream ' projects not just RFX , but luckily didn't abandon fossil fuel plays ( which have easily balanced out the losses on the unicorn dream companies )

if digitization/AI is going to do what is planned , coal/gas/oil still have plenty of future , if AI crumbles , then Green tech is just a goat-track for hippes ( and tree-changers ) to embrace ,
 
Sorry to harp on a point, but surely a perfect example of why buying the story isn't investing. Thats why I coined the term Narrative Speculation - because thats all it is, gambling. I know I am banging on about the same thing, but if you read the financials from the beginning, this was never an investible business.

There is no need for conspiracy theories here, like so many others, it wasn't a viable business. It makes such a massive difference to your long term performance if you can just identify and avoid the businesses with un-investible financials. Permanent loss of capital is the most dangerous risk an investor faces and it should be our first priority to avoid. A big part of this is actually actively avoiding listening to, reading or creating stories/narratives.

Of course, all of this is just my own opinion and experience, and I am sure many will disagree with me, but it saddens me to see people lose precious capital in situations like this.
 
I will have to plead guilty to the charge your honour.
I bought in because I liked the story.
While researching battery systems, the redflow seemed to tick the boxes that I wanted for our home solar/battery backup system.
I then transferred that positive vibe to the company and investing in them.
Obviously a big mistake.
But that is how we learn, by not repeating our mistakes (ok maybe one repeat).
Mick
 
mullokintyre said:
I will have to plead guilty to the charge your honour.
Click to expand...
Me too, me too! In my early life as an investor it was probably 75% of my 'investments', I certainly learnt some costly lessons! The other 25% was buying other people's conviction, which didn't work out too well either!

Humans are suckers for narrative and its a bias that takes constant effort to resist IMO.
 
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