RFX 2.33% 10.5¢ redflow limited

Ann: Redflow undertakes capital raising, page-35

  1. 3,428 Posts.
    lightbulb Created with Sketch. 925
    >100% of production capacity has been tied up for years now! That's why projects were delayed and what should have been the biggest project in Australia ... was cancelled! Although curiously Redflow still hasn't told the market about that? How many of the current order book will be delayed? or cancelled?

    Yes, a wealth of "performance" info ... as evidenced by the massive provision for warranty claims at >50% the original sale cost of all batteries still operating! Given @sjl info that they don't provide a complete refund ... does that mean there's a likely problem with every battery ever sold? Wonder why Redflow haven't been able to secure battery warranties backed by Munich RE like CellCube, ESS etc?

    IMO the issue is they still have no track record of reliable/scalable production ... or production of a quality product.

 
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