I certainly agree that the government subsidy schemes are not what will determine Redflows success nor are they an immediate focus..An opinion supported by company announcements.
Targeting bulk sales via the communication & grid power sectors are critical.
Once they reach 200 batteries a month there is a potential further 20% manufacturing saving per unit...This potentially will help make the battery more affordable to small business & residential markets.
I'm convinced Redflow have about 18 months to put all the pieces of the puzzle together & start gaining momentum.
It can happen very quickly..I'm looking forward to the full year reports.
I'm really sitting on the fence with Redflow..I may be moving some pieces of my portfolio around & will be watching very closely..I certainly have not ruled out re-entry after sitting on the bench for two years.
Again regardless of everything I'm a huge fan of Redflow as an Australian grown technology & really wish shareholders well.
RFX Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
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