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Greenyates

812 Posts.

146

11/03/24

15:56

Post #: 72843248
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Originally posted by Windypt: ↑

Well I’ve got to say I’m surprised at the $3.4 m provision for warranty claims
at $ 10,000 per battery that’s 340 batteries ( at the real cost of $6000 or so it’s far worse ) that are u/ s it’s not as though we are producing thousands of batteries per year
how much production was compromised by the recent suppler failure and if that’s the reason how come qc didn’t pick up the faulty units ( if there is any q c)
if this is the reason somebody needs to find another job!
Sounds as though we are going to be asked to stick our hands in our pockets again soon
This mushroom is going to have to make a decision to sell out or stay soon and it’s such a shame because the batteries look to be a part of the answer but we. just bumble along plenty of promises but not too many signed bits of paper

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I would have thought warranty provision is there to fund costs over an extended period based upon a conservative scenario.
Do you think otherwise and why?

RFX Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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