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10.5¢ redflow limited

Penny Pincher,I agree if they confirm even 2 of the above...

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simonmag

252 Posts.

45

01/06/23

15:06

Post #: 68081477
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Originally posted by Penny Pincher: ↑

.... well, they did write:

"Based on its current bill of materials, manufacturing scale up and cost down program, Redflow expects to generate a positive return at the Project level."

Hopefully, that implies that they will burn less in 2024 onwards. Thought they will obviously require working capital as they ramp up sales.

... However, if I was a betting man, I doubt that this will be the one and only contract of this size to be signed over the coming periods.

31 cents - certainly too much if your best judgement deems this as a "flash-in-the-pan" order - i.e. unlikely to be repeated or added to.

However, the company is telling us that they have order of magnitude larger projects in their sales pipeline.

31 cents - on the day they win one of these contracts?!? Bargain!

... and that is even when you note the small print below the above diagram.

imho

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Penny Pincher,

I agree if they confirm even 2 of the above mentioned projects in the next few months 31c will look cheap.
I am trying to work out why the biggest volume day since March 2001 has not been able to hold 30c.
Maybe Simon has sold out some more of his holdings.
Surely he is spitting chips he sold some shares a month ago

Cheers,

SimonM

RFX Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

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Last 10.5¢		Change 0.000(0.00%)		Mkt cap ! $24.89M

Open	High	Low	Value	Volume
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