Ann: Redflow resumes battery shipments, page-9

Low volume. I don't see any strength in the price movement. Many of us had deep concerns over the management strategy and financial position of Redflow before the shipments were halted. Those concerns remain: we have not yet learned the company's response to the strategic review, and the company is financially dependent on the notes deal cut with Simon Hackett (which according to announcement of 28th April, the company only "believes" is available).

The price has now rebounded well above the point where it was before the shipment suspension was announced on 24th April.

Buying in at this price is in my opinion likely to bring pain. Hopefully it will be the short term pain of not quite picking their bottom. But if Redflow cannot recover from its current position then the extra 4.5c per share that you lose will amplify your loss.

I will continue to watch and wait to see how things develop.