RFX 4.76% 11.0¢ redflow limited

Ann: Redflow and Optus Resiliency Initiative Announced, page-92

  1. 3,871 Posts.
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    Did you manage to get in today? Got the feeling from your post you were a little scorned?

    The Optus deal was for a minimum of 56 sites and the amount of batteries is actually immaterial largely to the recent share price appreciation.

    The share price appreciation is a reflection of Redflow receiving validation by a major market maker in Optus.

    If Optus are signing off on a particularly large and comprehensive project with Redflow, it means we stood up to a pretty vigorous & competitive tender process.

    I hope you managed to capitalise on today's market volatility because the Redflow market cap could be $500m inside a few months on the right winds.

    We now know after Optus the Redflow product is good enough for top tier customers- This means we are good enough for grid storage and the story is only likely to get better for shareholders with the Gen 3 battery coming online and policy makers set to pass strong financial and legislative support in the US senate shortly.

    Cheers.
 
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