Ann: National Battery Strategy, page-10

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chinaplate

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27/05/24

15:34

Post #: 74028110
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Originally posted by surfthemarket: ↑

I don't post much these days, but there is alot of nitpicking going on lately.

I reckon a large amount of further Government assistance is staring us in the face............. that is the Plan B.

And I don't care that it's taxpayer money - successive Governments have been supporting various industries for decades at one time or another............. geez, how many of you were on Jobkeeper just recently ??? - money which stopped many, many businesses from going under, whether you agree with it or not. I intend to be part of the leg-up coming Redflow's way - Labor will pursue their strategy of throwing money at Redflow because it is good for their 'optics' with their dogged commitment to Net Zero and Redflow has positioned itself as Johnny-on-the-spot in Australia (all imo). And, no, the Liberals won't dismantle the handouts - they will go with what has already been established for their own 'optics' imo, even if the overall policies change.

As for the manufacturing issues, the BOD have recognised the problems and reacted pro-actively with new production equipment and, more importantly, employing Juergen Reitz. Juergen is eminently qualified and 20 years at Ford is all I need to know. As well as his qualifications, German manufacturers run rings around us down here and he will bring that work ethic to the company........... prove me wrong. For any of you that follow Elon Musk, He didn't just become the world's richest man overnight - he nearly went under on several occasions. Go back to about 2008 when he was confronted with dozens of Teslas (maybe more) sitting in a warehouse with warranty issues ranging from software glitches to mechanical defects - he focused on the problems and took immediate action to ensure they didn't happen again and the rest, as they say, is history. From my reading, Redflow is taking similar determined action and I am not worried about it's factory('s ?) and production ability going forward.

Financials ? I have the same confidence about the CFO Michael Hipwood - highly qualified, disciplined and a wealth of experience with some serious corporations. Ditto for Mark across the pond. Part of Harris' role is putting a good, professional team together in this growth stage.............

I've said it before - this is a tech start-up. It was only 6 or 7 years ago that it was a big deal to have a meeting with the Mayor of Knox while Simon Hackett was setting up demo models on his farm at his own expense. If Tim Harris can get our share price to $1 then I don't care if he uses Ferraris as chicken coups.

With all of this in mind, If Redflow can't give us a capital gain off 1.1c in the old money (11c now) then I'll be Albo's butler.

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Good points all surf.
Tim ain't Elon however.

RFX Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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Ann: National Battery Strategy, page-10

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Ann: National Battery Strategy, page-10

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