I wasn't suggesting direct subsidies, maybe when a Government funded renewable (solar/wind) installations are built, all types of batteries could be used, then useful comparisons could be made.yep, coz the previous USA plant was too expensive......my point is more aimed at suggested use of aussie tax-payers money as support.........(without wanting to discuss who else gets support)....
This is not virtual tech it is boots on the ground building stuff. Proof is in market support for product, better than musk in ways, just needs to leap from the shadows to consumers while having solid trust at market here.Re: RFX - Redflow
Looks very interesting there Cyn, I'd be one to wait a while for some more solid results before buying in, if at all. I usually like new tech stories but closer to production/mass profits, even if the price is often higher. Had a look through their presentation, a bit too light on numbers as of yet, if they release one with expected profits etc (probably they don't even have the margins etc estimated accurately enough to bother making promises, good stuff, underpromise and over deliver).
I also like the solar power angle, for some strange reason geothermal is being eschewed for solar and wind power production, and with these incapable of producing power 24/7, it'd be a good plan to use the batteries for periods of calm (for wind power) or cloud cover (for solar). However by that same angle, new energy technology is being invented all the time, and there's no guarantee that RedFlow will be one of the companies to make the change from inventor to profitable producer of the product.
All that being said I've seen dodgier looking tech companies floated, with less detailed business plans and less promising tech. Might look the goods in a year or two but doesn't suit my investing style as of yet. All imo of course, and others will probably draw different conclusions.
This is not virtual tech it is boots on the ground building stuff. Proof is in market support for product, better than musk in ways, just needs to leap from the shadows to consumers while having solid trust at market here.
Hard to argue with science, though Henry ford did a good job of that more than a century ago. We still live with the legacy. Eventually it will work and this crew have a big key. Hoping market trusts.
Could be start of a long term rise as Redflow is now cashed up, has a great manufacturing facility in Thailand, and is delivering batteries to order.RFX had a big volume spike on the news but if volume spikes are used as an indicator for a potential buy, care needs to be taken to make sure the money flow isn't on the way out. As you can see the Twiggs Money Flow weekly (and daily, not illustrated) is showing an outflow.
Having strengthened our intellectual property protection for the China market
They are still struggling to get traction, great technology, limited opportunities and expensive compared to competition.Not sure that is a wise move. I guess they don't have much of a choice given everyone is in tesla lalaland.
Yes i think they will always be a niche market player, unless they can make a product small enough for residential application.Agree, sptrawler, love the product, but the business does not appeal.
That about sums it up. Beta versus VHS, perhapsThey are still struggling to get traction, great technology, limited opportunities and expensive compared to competition.
Unless they can get it down to cost and size suitable for residential uses, I think it will continue to struggle, a shame really because it actually makes a lot more sense than lithium batteries.
a few years down the track and there's a 1 for 2 Entitlement Issue, kicking off at all of 2.5c a shareTiming is a heck of a thing, i put some effort into it and get good results overall, RFX trading @ around the 40c level recently and looking strong, Z-Cell revealed today and getting a bit of media coverage and looking pretty cool.
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Simon Hackett on the other hand looking a little to casual, like a self made millionaire who just really dosent care.
meantime, good to see that the learning curve continues:the Company’s largest shareholder, Simon Hackett, will be subscribing for $450,000 of entitlements under the current Entitlement Offer. Mr Hackett has been a major shareholder and customer of Redflow for the past six years. He continues to have a significant role in the technical development of Redflow’s energy storage solution through his current System Integration Architect role
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