Australian (ASX) Stock Market Forum

RFX - Redflow Limited

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Dona Ferentes said:
Waiting until closer to the closing date is a sensible idea, especially with BPay. The offer will stay open.

RFX states: Investors and shareholders are advised that the opportunity is speculative and there is no assurance or certainty that it will be realised or that any agreement or transaction will eventuate. Accordingly, market participants should not place undue weight on the existence of this opportunity in making investment decisions in relation to Redflow shares.

As I understand it, there are 3 or 4 major flow battery companies, and of course the Li-ion brigade is ever present. "The RFI is seeking proposals from power developers to help provide that energy" ... from RFX and, one would asume, the competition
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Interesting, I never received a prospectus, maybe a glitch, maybe they don't have my email or postal address.
 
Can someone help me understand something about RFX’s entitlement offer? There’s 1 for every 4 shares held at $0.059 but what is the attached option exercisable at $0.10 about? Thanks
 
sptrawler said:
Interesting, I never received a prospectus, maybe a glitch, maybe they don't have my email or postal address.
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If you log into the share registry, boardroom.com.au and enter your HIN plus a few other details, you should be able to see the prospectus, and download your personal prefilled one. The document was sent to shareholders on 02 July.
 
sptrawler said:
It sounds as though Redflow may finally be starting to get some traction, in the market place.
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I just hope the new source of capital is not going to screw the company down
.... Additional $500,000 cash received in October from FUND4SE as part of agreement
Having received a Request for Information from a large US listed corporate in June, we engaged FUND4SE Pte. Ltd. to assist us in pursuing and maximising the US market opportunity, by providing the necessary introductions to Project stakeholders, technical due diligence and analysis of potential manufacturing locations
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Dona Ferentes said:
I just hope the new source of capital is not going to screw the company down
.... Additional $500,000 cash received in October from FUND4SE as part of agreement
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That is always a problem, when trying to build a manufacturing company from scratch, hopefully they can match supply to demand and at the same time keep costs under control. ?
It may require a joint venture, to scale up rapidly, if the technology takes off in the U.S.
 
Australian energy storage company Redflow announced on Monday that it had completed a 2MWh zinc-bromine flow battery energy storage system in California, the company’s largest single sale of batteries to date.

The battery energy storage system consists of 192 zinc-bromine flow batteries designed to store up to 2MWh of energy and reduce peak energy use at Anaergia’s Rialto Bioenergy Facility as part of a microgrid. The battery system is comprised of 12 x 160 kWh Redflow Energy Pods which are clustered into four strings tied to four 125 kW Dynapower inverters.

Funded in part by a grant from the California Energy Commission, the microgrid consists of the zinc-bromine flow batteries, a biogas conditioning system to support a 2.0MW biogas-fuelled cogeneration unit, and a microgrid control system. Supply of the batteries was signed in March.
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RFX quarterly out shows a big percentage wise increase in income of 200% over corresponding quarter last year, but is coming from a very low base.
A million dollars revenue for the quarter will not make us rich, especially as production costs were over a mill, R & D a mill, and corporate overheads 1.5 mill.
They have 14 mill in the bank after most recent cR, but unless they can bump up sales and get some costs down, they will be tapping the market for more.
I want this co to do well for OZ as a techo, but I just don't feel confident enough to plonk more money down, even if the SP is back to where it was this time last year.
Mick
 
divs4ever said:
25.7 cents for me , so you can see my bias
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At least yours is still floating, I bought into SO4 when the commissioning was 90% complete, that money has gone round the S bend and just waiting to hit the waste treatment plant. ?
With Reflow they have a good product, but I don't think there isn't a lot of intellectual property, however if they can make a reliable well priced robust product that isn't easy to copy a lot of companies will probably use them. The Optus trail will probably make or break them IMO. :2twocents
 
i will certainly NOT be holding my breath for break-even , but i have had my wins in other sectors .. 'clean-energy' has been a bust for me elsewhere as well

but coal has been okay and the GOOD luck in oil ....
 
The little Aussie battler, still struggling to gain traction, I'm still holding and still wondering why.:rolleyes:

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