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9.7¢ redflow limited

factory expansion, page-40

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5,486 Posts.

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17/07/18

11:30

Post #: 34389099
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Originally posted by Stix14 ↑

Well it appears to me that recent news is that they can run a business - factory is outputting batteries at capacity and broadly in line with what they said they would do - hi tech ordered 1.2million of Redflow batteries for the remote telecommunications in Fiji. The exact market that Redflow targeted m and has competitive advantage in - talks with China for possible licensing agreement - appointing experienced people in needed roles So let wait for the next quarter financial results. Won't be breath taking but will provide shareholders confidence. Hopefully will also demonstrate that CR are not needed moving forward and that finance can be gained for future expansions

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I agree, I don't think a breath taking ann is needed to turn the share price around ,just confidence RFX is heading in the right direction re quality product,volumes and sales.
Mind you a good china jv or the likes could be more explosive.
Charts indicate this could be a turning point if RFX can be convincing in a turn around story.

RFX Price at posting: 10.0¢ Sentiment: None Disclosure: Not Held
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